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Ofo said in April that it wants to serve more than 100 US cities by end-2018. Then, in July, it downsized 70% of its US workforce.
The news come after the bike-sharing company halted its international expansion plans
While many Chinese bike-sharing startups have bitten the dust in 2017, Hellobike has entered the fast track of development.
The removal of any forms of barriers of usage is an important strategy that Mobike implements to create more opportunities to attract additional users and redirect the competitors’ users to Mobike.
Ofo seems to be alone in bucking the deposit-free trend.
The bike-sharing startup hasn’t made it clear about when and how users in Singapore could reclaim their deposit.
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