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Ofo cycle hire firm pulls out of London10 Jan 9:57am

Ofo cycle hire firm pulls out of London

The Guardian
At its peak the Chinese bike-sharing startup had 6,000 bikes in several English cities The Chinese bike-sharing firm Ofo, known for its yellow bikes that users can leave in the street, is pulling out of London. Alibaba-backed Ofo, which is reportedly teetering on the brink of bankruptcy, already withdrew from Norwich, Sheffield and Oxford last summer to focus on London, after facing problems with take-up and vandalism.
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