Ofo bikes seen parked on the street in the Futian district of Shenzhen. Photo: SCMP/Roy Issa

Chinese bike sharing firm Ofo proposes merger with smaller rival Hellobike

  • A deal would make the merged entity the dominant player in the highly competitive Chinese bike sharing market
  • Local governments in Beijing, Shanghai, Shenzhen and Guangzhou have banned companies from introducing new bikes to reduce disruption
Topic |   Bike-sharing services

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Ofo bikes seen parked on the street in the Futian district of Shenzhen. Photo: SCMP/Roy Issa
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