Ofo races into UK, US markets

Chinese bike-sharing startup Ofo Inc will soon offer more bicycles in the United Kingdom and the United States after its trial operations in the two countries gained positive feedback from local consumers, co-founder Yu Xin said.

The move also came after the company gained more than 100,000 customers in Singapore within just 100 days, an experience which gives it confidence in accelerating overseas expansion, despite mounting competition from rival Mobike Technology Co Ltd.

"Ofo's trial operation in Cambridge in the UK has concluded and we are about to launch more bikes soon," Yu said. "The trial operation in the US is still ongoing, but we will also move into official operation soon in several local cities."