Students pose for pictures as they use ofo sharing bicycles at a campus in Zhengzhou, China, Photo Reuters via China Daily
Students pose for pictures as they use ofo sharing bicycles at a campus in Zhengzhou, China, Photo Reuters via China Daily
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Tencent’s bike-share app hits Singapore

Mobike faces off with rival Didi Chuxing’s ofo for the city-state’s market

March 22, 2017 5:18 AM (UTC+8)

Tencent-backed bike-sharing startup Mobike has launched in Singapore, as competition with its Chinese rival Didi Chuxing’s ofo heats up. The Financial Times reports that Singapore has been expanding bike paths and encouraging environmentally friendly cycle use. Singapore state investment fund and Warbug Pincus have also invested in Mobike, while Chinese phonemaker Xiaomi has teamed up with Didi Chuxing behind ofo.

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