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Matthieu Faure (Ofo): “We complement the sharing economy by the use of IoT and smart phone applications”

03/15/2018 – One of the world’s largest lockless bike-sharing companies, Ofo, which operates over 10 million yellow-colored bicycles in 250 cities in 20 countries, the vast majority of which are in China, has raised more than $1 billion from Chinese venture capitalists, including Alibaba. It launched in Paris in December 2017, becoming the fourth bike-sharing operator in the city. We talked to Matthieu Faure, head of marketing for France, to learn more about Ofo’s development and current market share.

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