Firm plans more vehicles in London amid intense competition with rival

Chinese dockless bike-sharing company Ofo announced plans to put 150,000 of its cycles on London's streets as rival Mobike brought more of its bikes to the British capital over the weekend.

Mobike rolled out 200 of its silver and orange bicycles in Islington, three weeks after competitor Ofo dropped off 100 of its yellow cycles on the streets of the same North London borough.