Chinese deep-pocketed bike-sharing firms Ofo, Mobike gear up for Mexico launch

ofo alibaba
Ofo Inc. and Beijing Mobike Technology Co. bicycles sit parked on a sidewalk outside a subway station in Shanghai, China, on Thursday, Sept. 12, 2017. Photographer: Qilai Shen/Bloomberg

A pair of deep-pocketed Chinese bike-sharing companies are gearing up to launch in Mexico, looking to make their Latin American debut in the country that is home to one of the world’s largest and most congested cities.

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