Dockless bike-share company Ofo exiting St. Louis, among other markets | Business |

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Chinese bike-sharing startup Ofo said it is scaling back its U.S. operations and pulling out of several cities, including St. Louis.

When it announced plans to enter the St. Louis market in April, Ofo said it had a permit to operate 750 rental bikes here. Its bikes were delayed a few weeks, however, and weren’t available for rental until May 10.

Tuesday, the company confirmed that it will remove its bikes from St. Louis and exit the market. Ofo’s yellow bike fleet in St. Louis will be gone by the end of this week.