China’s bike wars are set to go international as the country’s leading bike sharing apps prepare to launch into new markets.
China’s biggest bike-sharing startups Ofo and its rival Mobike have revealed plans to expand their booming cycle empires into overseas markets this year.
Speaking to Bloomberg Television, Ofo co-founder Zhang Siding said the company plans to launch in 20 different countries in 2017. It will also launch in 200 cities across China.
Siding said the company would leverage its strategic partnership with Ant Financial, the financial services arm of Alibaba Group, to facilitate the company’s overseas expansion.
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Source: The Drum
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