ofo scales back US operations amid international retreat
In ofo's latest retreat from the international market, the company is scaling back its operations in the United States after laying off 70% of its staf…
Tag: Ofo
After Australia, ofo exits Germany amid push into priority markets
Germany has become the latest market from which Chinese bike-sharing firm ofo will make an exit. The company, which has been plagued by rumors of a cas…
Ofo fires staff in India, winds down operations in the country
Bike rental firm ofo has asked its staff that formed part of its Indian operations to leave, a move that further draws attention to the company's rumor…
Ofo’s overseas operations show signs of cash crunch
More signs show that ofo’s cash crunch not only affect its domestic business but also its global expansion plans. The troubled bike hire giant has laun…
As bike rentals cool, ofo chooses to stand alone
China’s bike rental industry has experienced a roller coaster over the past 3 years. At its height, there were nearly 80 bike rental startups in the ma…
ofo co-founder denies job cuts and departure of COO
ofo co-founder Yu Xin has denied allegations that it is laying off 50% of its employees and its chief operating officer (COO) is leaving the company, o…
Ofo starts selling ads on bikes and in apps
Chinese bike rental giant ofo has started selling advertisements on its bikes and apps (in Chinese) in an attempt to boost revenues amid increasing cas…
Bike rental graveyard found in Chengdu
Hundreds of unlocked ofo rental bicycles have been found buried under construction waste in Chengdu. The bikes were in miserable conditions with deform…
Ofo slows down orders from bike makers
Ofo only ordered over 80k bicycles from its manufacturing partner Shanghai Phoenix so far this year. This is far short of the anticipated 5 million bik…
What do you think of Mobike and Ofo expanding to your country? We asked
Chinese bike rental companies Mobike and ofo expanded to more than 30 countries last year. While attending the SeedStars Summit 2018 in Lausane, Switze…
Meituan-Dianping rumored to acquire Mobike for $3.7 billion
Editor's note: Rumors are rife in China, especially so in a hotly contested area like transportation and O2O services. This news is unconfirmed and the…
Didi Bike operation was suspended for one day in Shenzhen
Chinese taxi hailing company Didi's bike rental service, Didi Bike (青桔单车, meaning green tangerine bike in Chinese), was suspended for one day for not o…