[USB disk manufacturer] Chinese bike-sharing company Ofo Inc is further shrinking its overseas presence
 Chinese bike-sharing company Ofo Inc is further shrinking its overseas presence, by laying off staff and closing its business in several cities in the United States.
The news came shortly after Ofo pulled out of Australia, Germany and Israel, markets where it is more expensive to operate or where regulatory hurdles make operations more difficult. Andrew Daley, head of Ofo North America, said in a statement that "as we continue to bring bike-sharing services to communities across the globe, Ofo has begun to reevaluate markets that present obstacles."

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