China’s leading bike-sharing company Ofo announced its expansion into Thailand.
Thailand is the fifth overseas market for Ofo, known for its signature yellow bikes, following Singapore, the United States, Britain and Kazakhstan.
A total of 6,000 bikes will be put into use in the capital city of Bangkok from Aug. 1, after a successful month-long trial run was earlier completed at a local university.
A ride on an Ofo bike will costs 5 baht per 30 minutes, with a deposit of 99 baht.
The bikes will be offered for free for the first three months.
“Thailand has a population of nearly 70 million and traffic jams have become a big headache in cities like Bangkok and Chiang Mai,”
said Cao Xiao, head of Ofo’s Asian-Pacific department. “By offering Thailand users a customized service, we hope the transport system in major Thailand cities can be improved with our shared bikes in the near future.”
Ofo said it had partnered with electronic payment platform Adyen to allow overseas users access to their services. The company said it planned to enter 20 countries by the end of 2017.
After huge success in the domestic market, Chinese bike-sharing companies are accelerating their steps into the global market. Earlier this month, Mobike announced entrance into Italy, its fourth overseas market following Singapore, Britain and Japan.
Subscribe via Email
CLMV’s economic growth crashes to two-decade low due to COVID-19
The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in...
Zero New Covid cases and deaths in Thailand
Thailand reported no new coronavirus cases on Sunday May 24th and no new deaths, but the Centre for COVID-19 Situation...
Thailand extends state of emergency for another month
Thailand’s Centre for COVID-19 Situation Administration (CCSA) has approved the proposal of the National Security Council to extend the country’s...
The Rapid Growth of Online Scam in South East Asia
Due to the coronavirus pandemic, more people are required to remain at home, spending more time on the internet and...
BoT cut rate to record low 0.5%
The Bank of Thailand cut the policy rate yesterday by 0.25 percentage points to a record low of 0.5%, saying...
COVID-19 Silver Lining : Asia sees unexpected gains in virus lockdowns
This year Thailand saw a 60 percent decrease nationwide in traffic accidents, with the death toll dropping to 167 from...