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In latest retreat, Ofo ends service in Japan

Published October 30, 2018

BEIJING (BRAIN) — Ofo is now ending its dockless ride sharing service in Japan, once considered a key market for the Chinese company. This year the company has stopped operating in markets in the U.S., Germany, Spain, Australia and Israel.

According to a report in Nikkei Asian Review, Ofo informed the Japanese cities of Otsu and Wakayama earlier this month that it was ending service in the country.

Ofo competitor Mobike has also ended service in some Japanese cities, but continues to operate in others. 

Cash flow problems and lawsuits have contributed to Ofo's decision to retreat from foreign markets and refocus on its domestic operations. 

Topics associated with this article: Bikeshare

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