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ofo (/ ˈ oʊ f oʊ /) was a Beijing-based bicycle sharing company founded in 2014. It used a dockless system with a smartphone app to unlock and locate nearby bicycles, charging an hourly rate for use. In 2017, the ofo company had deployed over 10 million bicycles in 250 cities and 20 countries.
Ofo and Mobike dominated the market share for bicycles; by early 2019, there was an estimated 23 million public bicycles in China, of which 95% were part of Ofo or Mobike's fleets. [ 32 ] [ 33 ] [ 36 ] In 2018, Beijing alone had 2.4 million bicycles in their bike-share fleets and 11 million registered users of bike-sharing apps — slightly ...
In April 1949, Communist Party secretary Liu Shaoqi paid a visit to the factory and commanded that it become the first bicycle manufacturer in New China. Their workers were tasked to build a generation of strong, durable, light, and beautiful bicycles for the New China. On July 5, 1950, the first Flying Pigeon bicycle was produced.
On 28 March 2007, The U.S. Consumer Product Safety Commission, announced a voluntary recall of the Triax PK7 and Vertical PK7 Bicycles. This affected about 32,000 units manufactured by the Shun Lu Bicycle Company, of Guangdong, China, whose frame can crack while in use, causing the rider to lose control and suffer injuries from a fall or ...
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In 2002, Schwinn was introduced to the mass-merchant channel at Walmart, Target, and Toys "R" Us. [1] On March 17, 2003, Pacific Cycle acquired InStep L.L.C. for an undisclosed price. InStep is a marketer and distributor of jogging strollers and bicycle trailers. Pacific financed the purchase through company earnings and the price was not ...
Kinesis Industry Co. Ltd. is a manufacturer of aluminum and carbon fiber bicycle frames, forks, and components. Based in Taiwan, it has a plant in Guangzhou, China, and an American subsidiary (Kinesis USA, Inc.) in Portland, Oregon that generated $5-$10 million in annual sales until ceasing production and closing its doors in 2006. [1]
It made its first full-suspension bike in 1995. The off-road Dragon and on-road Eclipse were the first American-made production bikes to have Reynolds 853 tubing on their frames. In 1998, Jamis made the Diablo, with a vacuum-resin, molded-carbon monocoque frame. Its Dakota mountain bike won the Bike of the Year Award from Mountain Biking.