Ofo pulling out of cities suggest a cashflow problem Sources connected to Didi Chuxing speculated that bike-sharing unit economics simply weren't very profitable. "It would make sense for them to ...

Ofo is removing its bikes from Norwich less than a year after they were introduced Dockless bike sharing firm ofo is withdrawing its service from Norwich. The company, which only started in the ...

Dockless hire bikes featured in crimes including arson, violence and a BB gun shooting before the company behind the scheme pulled them from Norwich. Ofo bikes were available in the city between ...

Although the concept of bike sharing can be traced back to Amsterdam in the 1960s, China is the pioneer of the modern ...

Ofo will also launch its services in India in a tie-up with Paytm. Also, in September 2017, InMobi’s co-founder Amit Gupta launched Yulu – an IoT-enabled bike rental platform. Another major ...