Mobike, Ofo leaving Washington D.C

Mobike and Ofo, China’s two largest bike-sharing companies are leaving Washington D.C, less than a year after they entered the D.C. market.

Both companies blamed the city’s bike cap as the reason they are leaving. D.C. allows each company to operate a maximum of 400 bikes or scooters. Ofo and Mobike said they haven’t got the desired density for their bikes.

But this is not the end of the bike-sharing services in the city. Several other players remain in the District. And the city is set to lay out new rules this month for dockless bikes and scooters.