Riders scan ofo bikes in Xi'an, Shaanxi province. [Photo/China Daily]|
Shanghai-based Phoenix, a bicycle producer that's been around for 120 years, will provide about 5 million bikes for ofo over the next 12 months, one of the country's top bike-sharing companies, Phoenix announced on Friday.
The purchase order may bring a profit of about 40 million yuan ($5.79 million) for Phoenix, which saw ...
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