Forwarding you to

Why Ofo Is Retreating From the Dockless Bikesharing Battle - CityLab

Ofo is out: Just a year after launching 40,000 lemon-yellow bicycles in more than 30 different markets in the United States, the Chinese dockless bikesharing company is scaling back its operations and has laid off 70 percent of its North American operations team, as Quartz reported recently .