Ofo bike-sharing was formerly known as Ofo Cycling Tour. At the beginning of 20 14, after returning from teaching in Qinghai, Dai Wei and his team founded ofo Riding Tour. The current founding team includes:

Dai Wei, founder and CEO of ofo bike-sharing, Party Secretary of ofo;

Ding Xue, founding partner of ofo bike-sharing;

Zhang Siding, founding partner of ofo bike-sharing;

Yang Pinjie, co-founder of ofo bike-sharing;

Yu Xin, co-founder of ofo bike-sharing.