A man rides an Ofo bike-sharing bicycle in a village on the outskirts of Beijing, China December 22, 2018. REUTERS/Jason Lee
On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair – chains unhooked, wheels buckled and paint starting to fade – reflecting the quick rise and sharp fall of the Chinese bike-sharing startup.
Millions of Ofo users are clamouring for their deposits to be returned and the firm's founder has admitted considering bankruptcy.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
