USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Companies

Chinese bike-sharing company ofo to enter India

Xinhua | Updated: 2017-11-30 13:48

BEIJING - Chinese bike-sharing company ofo is set to enter India, the company announced Wednesday.

An agreement has been reached and bikes are being transported to India, according to ofo. The bikes will initially be available in Chennai, Bangalore, Ahmedabad, and Indore. They can be used free of charge with no deposit required until the end of 2017, the company said.

So far, ofo has announced services in 19 countries, with more than 10 million bikes available for 200 million users globally.

Rising from nowhere, China's bike-sharing industry reached a frenzy in less than three years. The two market leaders -- ofo and Mobike -- are both worth more than 10 billion yuan ($1.5 billion).

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US