Ofo, one of the country’s largest bicycle-sharing platform, is leading bicycle rental race with a 65 percent market share in China, according to a report released by a U.S.-Based research firm 7Park Data.
Modern bike-sharing mode effectively solved the problem of the “latest kilometer” in urban China and meanwhile, evoked users’ passions for riding bicycles.
According to the report, Ofo saw its weekly active users grow at 386 percent from the fourth quarter of last year to the first quarter of 2017, while Mobike grew at a slower 180 percent in the same period.
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