Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Chinese bike-sharing company ofo to enter India

November 30, 2017


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

OFO

BEIJING, Nov. 29 (Xinhua) -- 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 U.S. dollars).

Scan the QR code and push it to your mobile phone

Keyword: bike-sharing ofo

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial