Bike-sharing firm Ofo enters Malaysia
Ofo, one of China’s leading bike-sharing companies, announced an expansion into Malaysia on Thursday, two days after it entered the Thai market. A total of 500 of Ofo’s yellow bikes have been placed in Malacca. The number is expected to grow to some 2,000 by the end of August. Malaysia is the sixth overseas market for Ofo, following Singapore, the United States, Britain, Kazakhstan and Thailand.