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Ofo Credit Rating-based Bike Deposit Waiver Extended to Three New Cities

Tencent Tech, 8/07/17

Beijing-based Bikelock Technology, operator of mobile bicycle-sharing app Ofo, recently announced that users in the cities of Nanchang, Jinhua and Weihai with a Sesame Credit score of 650 or higher can use Ofo bikes without paying the RMB 199 deposit.

Ofo's partnership on deposit-free shared-bike rental with Sesame Credit now encompasses 8 cities, which includes the three cities announced recently, as well as Shanghai, Hangzhou, Guangzhou, Shenzhen, and Xiamen.

Sesame Credit is operated by Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA).

Editor's Note: For more information on this topic, please see "Ofo Extends Credit Rating-based Bike Deposit Waiver to Shenzhen, Xiamen," MD 7/05/17 and "Ofo Extends Deposit Waiver to Guangzhou Users with 650 Sesame Credit Score," MD 6/06/17 issues.

Keywords: credit rating wireless Sesame Credit Bikelock Ofo bicycle sharing

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