Category Archives: bike sharing

Ofo shuts down many international markets to focus on profitability

Chinese bike-sharing company Ofo is entering a new phase. After a period of aggressive growth, the company is looking back at its international markets and focusing on the most promising ones. A couple of weeks ago, the company issued a press release highlighting some of the priorities outside of China. As part of this move, Ofo co-founder and CEO Dai Wei is going to be directly in charge of international markets. “It’s a new strategical phase on the international front,” Ofo France General Manager and Head of […]

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