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Chinese bike-sharing startup Ofo enters North American market

Staff Writer | August 18, 2017
Chinese bike-sharing startup Ofo has launched its services in Seattle, its first North American city.
bike-sharing startup Ofo
America   More than eight million bicycles
Ofo, which has more than eight million bicycles in more than 170 cities, will supply 1,000 bicycles to Seattle in August as part of a pilot programme and plans to increase its fleet after September.

"Our mission is to solve the 'last mile' transportation problem in urban areas and we see immense potential in the U.S. for Ofo's convenient, affordable and low-carbon way of travel," Dai Wei, founder and chief executive of Ofo, said in a statement.

Ofo and Mobike, China's two largest bike-sharing startups, have each raised more than $1 billion since late last year to expand at home and overseas and increase their market share.