Ofo cycle hire firm pulls out of London

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At its peak the Chinese bike-sharing startup had 6,000 bikes in several English cities

The Chinese bike-sharing firm Ofo, known for its yellow bikes that users can leave in the street, is pulling out of London.

Alibaba-backed Ofo, which is reportedly teetering on the brink of bankruptcy, had already withdrawn from Norwich, Sheffield and Oxford to focus on London, after facing problems with take-up and vandalism.

Related: On your bikes … testing the new breed of dockless cycle hire schemes

Related: Why isn’t Ofo interested in its bike abandoned in my road?

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Source: china
Link : Ofo cycle hire firm pulls out of London

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