ofo is a Beijing-based bicycle sharing company founded in 2014. It operates over 10 million yellow-colored bicycles in 250 cities and 20 countries, As of 2017. The dockless ofo system uses a smartphone app to unlock bicycles, charging an hourly rate for use. As of 2017, the company is valued at $3 billion and has over 62.7 million monthly active users.
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