Photo taken on Jan. 4, 2018 shows snow-covered ofo bicycles parked at the roadside in Zhengzhou, capital of central China's Henan Province. Photo: Xinhua

Ofo buys 37pc of planned bicycles from Phoenix as cities in China clamp down on dockless rentals

Since late last year, dozens of Chinese cities including Beijing, Shanghai and Shenzhen have barred the country’s more than 70 bicycle-rental companies from putting more new bikes on the streets to avoid chaos.

Topic |   Bike-sharing services

TOP PICKS

Photo taken on Jan. 4, 2018 shows snow-covered ofo bicycles parked at the roadside in Zhengzhou, capital of central China's Henan Province. Photo: Xinhua
READ FULL ARTICLE