It seemed like September was the month of dockless bikeshares taking D.C., but now it seems the trend is continuing into October. On Tuesday, Oct. 10, ofo joined the mix of companies that don’t ...
Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Sign up More signs show that ofo’s cash crunch not only ...
More than 15 million people in China are waiting on Ofo — China’s once formidable but now foundering shared-bike company — to refund their cash deposits. Unable to return the funds all at once, ...
It took a couple of weeks, but we finally know the fate of the remaining ofo bikes in Dallas. For a time after the company decided it just couldn’t take Dallas’ new bike-share regulations and pulled ...
An Ofo bicycle sits on a Fremont street as a BMW ReachNow passes by. This is transportation in Seattle, 2017. (GeekWire photos / Taylor Soper) Welcome to Seattle, yellow bikes. Beijing-based Ofo just ...
BEIJING/SHANGHAI (Reuters) - On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair - chains unhooked, wheels buckled and paint starting to fade - ...
On January 9, when Ofo announced it was launching in Sheffield, it lauded the city as its “largest and fastest” UK launch yet, with 1,000 dockless shareable bikes set to be placed on the city’s hilly ...
Getting your Trinity Audio player ready... Gateway High School principal Dackri Davis has been so pleased with the rollout of Aurora’s bike-sharing programs, school leaders painted a spot in the ...
Ofo bikes once dotted the landscape in Worcester, including in Worcester Common in front of City Hall, but their numbers and dwindling and will hit zero soon. PHOTO/COURTESY Ofo, the Chinese company ...
The real returns from bike sharing will be made from the data. Now that Mobike has a strong backer, it is opening the spending spigot that looks certain to crush what is left of the smaller rivals ...
Ofo laid off the majority of its workforce in the U.S. on Wednesday as the Chinese bike-share company began to withdraw from several markets. One source pegged the layoffs at around 70% of its roughly ...
Ofo is cutting its presence in lots of markets after raising billions of dollars and expanding rapidly. It signals a big change in strategy by refocusing on big cities, and possible cashflow problems.
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