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.
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