The rise and fall of Mobike and Ofo, China’s bike-sharing twin stars

//The rise and fall of Mobike and Ofo, China’s bike-sharing twin stars

The rise and fall of Mobike and Ofo, China’s bike-sharing twin stars

About five years ago, the streets of Beijing and Shanghai were dominated by fiery yellow and orange bicycles from bike-sharing start-ups Ofo and Mobike as they battled for the feet and minds of China’s busy commuters.Those have since been replaced by cool teal and baby blue – the signature colours of newer entrants Didi Bike and Hellobike – as the industry moves towards more sustainable growth. After aggressive expansion in their first few years, former market leaders like Ofo have few bikes…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-12-26T23:00:14+00:00 December 26th, 2020|Business|Comments Off on The rise and fall of Mobike and Ofo, China’s bike-sharing twin stars