Dahon is the world's largest manufacturer of folding bicycles with a two-thirds marketshare in 2006. The company was founded in 1982 by David T. Hon, a former laser physicist, and is headquartered in Los Angeles, California, with assembly factories in China, Macau and Bulgaria. Dahon markets bicycles under its own name as well as other brand names, including the affiliated Yeah and Biceco Brands, and Novara for REI in the U.S. The company is a member of the Global Alliance for EcoMobility. Dahon holds over 200 patents, some having become industry standards.