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oBike's owner buys 8,600 ofo bikes in $430,000 deal
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OSS' purchase of the ofo bikes is the fourth deal in recent months where bikes in Singapore from the Chinese firm changed hands.
PHOTO: ST FILE
Toh Ting Wei
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SINGAPORE - The Costa Rican investment firm that owns oBike has bought around 8,600 brand new bicycles belonging to failed bike-sharing firm ofo, in a $430,000 deal.
OSS Inversiones will ship the two-wheelers over to Costa Rica, where it will offer them for sharing under a new wide-ranging mobile application.
