Didi customers have option to switch to bikes

Didi Chuxing, China's largest car on-demand service provider, is gearing up to diversify its urban transportation offerings by adding bicycles to its existing product portfolio.

Beijing-based Didi announced on Monday that it has invested tens of millions of dollars in ofo, a bike-on-demand startup created in 2014 on the campus of Peking University as a student project.

Didi said that China is the world's most complex and diversified rideshare market with unrivaled potential and possibilities. The two companies will explore strategic cooperation in urban ride shares, including "offering a quality bike-sharing experience on Didi's platform," it said in the statement.