Chinese bike-sharing company ofo enters Japan

BY  | FROM  | 2017-08-10 15:27

China's leading bike-sharing company ofo on Wednesday announced its expansion into Japan under the cooperation with Japan's SoftBank Commerce and Service.

Japan is the seventh overseas market for ofo, following Singapore, the United States, Britain, Kazakhstan, Thailand and Malaysia.

ofo's signature yellow bikes will be placed in Tokyo and Osaka in September.

Cao Xiao, in charge of the Asia-Pacific department of ofo, said the company hopes to provide local residents with a good bike riding experience.

"We hope ofo can better serve local residents and help Japan's cities improve transportation and the environment," said Tetsuo Kuramitsu, director of SoftBank C&S.

Currently, ofo operates around 8 million shared bikes around the world. Statistics show that it has offered over 3 billion rides for customers in more than 170 cities.

After huge success in the domestic market, Chinese bike-sharing companies are accelerating their steps into the global market. Last month,ofo's major rival Mobike announced its entrance into Italy, the company's fourth overseas market following Singapore, Britain and Japan.

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