OFO

Ofo, Mobike Cycles End Up Mysteriously Scrapped; Shenzhen Police Are Called In

Ofo, Mobike Cycles End Up Mysteriously Scrapped; Shenzhen Police Are Called In

Hundreds of shared bicycles belonging to Ofo and Mobike in the southern Chinese city of Shenzhen have been shipped for…

Nov 14, 2018
Liao Shumin
Ofo Says It Is Business as Usual, Blames Bike Reductions on Policy Restrictions

Ofo Says It Is Business as Usual, Blames Bike Reductions on Policy Restrictions

Business at Ofo continues as normal, according to a manager at the embattled bike-sharer, who blamed the decrease in the…

Nov 12, 2018
Xu Wei
Ofo Says ‘Hogwash’ to Bankruptcy Reorganization Rumors

Ofo Says ‘Hogwash’ to Bankruptcy Reorganization Rumors

Beijing-based bike sharer Ofo dismissed rumors yesterday that a big equity broker has begun to prepare its bankruptcy reorganization plan…

Nov 1, 2018
Xu Wei
Ofo Founder Quits as Bike Sharer’s Legal Rep to Boost Work Efficiency

Ofo Founder Quits as Bike Sharer’s Legal Rep to Boost Work Efficiency

Dai Wei, the founder and chief executive of Ofo, has relinquished the role of legal representative at the cash-strapped Chinese…

Oct 22, 2018
Xu Wei
Chinese Ride-Hailer Didi Is Not Acquiring Bike-Sharer Ofo, the Firms Say

Chinese Ride-Hailer Didi Is Not Acquiring Bike-Sharer Ofo, the Firms Say

Chinese Ride-Hailer Didi Is Not Acquiring Bike-Sharer Ofo, the Firms Say China's largest car-hailing platform Didi Chuxing and one of…

Oct 10, 2018
Xu Wei
Chinese Bike-Sharer Ofo Denies Crypto-Funding

Chinese Bike-Sharer Ofo Denies Crypto-Funding

Chinese Bike-Sharer Ofo Denies Crypto-Funding. The report that it is tapping its business partner GSENetwork to finance Ofo is untrue, Beijing Bikelock Technology, which runs the bike-sharing behemoth, said in a statement today.…

Sep 25, 2018
Xu Wei
Ofo Denies Reports It Can’t Keep Up With Salary Payments

Ofo Denies Reports It Can’t Keep Up With Salary Payments

Chinese bike-sharing provider Ofo has denied reports claiming it only paid some of its staff salaries last month, amid conflicting…

Sep 12, 2018
Xu Wei
Alibaba Reportedly Bails Out Ofo With USD8.8 Million Loan

Alibaba Reportedly Bails Out Ofo With USD8.8 Million Loan

Jack Ma’s Alibaba Group Holding has reportedly lent CNY60 million (USD8.8 million) to struggling bike sharer Ofo, which is looking to steer back on track after racking up a mountain of debts.

Sep 11, 2018
Xu Wei
Ofo Is Said to Seek Big New Funding; Alleged Investors Ant and Didi Keep Quiet

Ofo Is Said to Seek Big New Funding; Alleged Investors Ant and Didi Keep Quiet

Ofo, one of China's two leading bike-sharers, aims to raise billions of US dollars in its next Series E2-2 funding…

Sep 5, 2018
Xu Wei
 [Exclusive] Ofo to Cull Yet More Staff This Month, Insider Says

[Exclusive] Ofo to Cull Yet More Staff This Month, Insider Says

[Exclusive] Ofo to Cull Yet More Staff This Month, Insider Says

Sep 3, 2018
Lu Qian
Shenzhen Says 'No' to Shared Bike Chaos, Orders Hellobike to Remove Illegal Fleet

Shenzhen Says 'No' to Shared Bike Chaos, Orders Hellobike to Remove Illegal Fleet

Southern China's metropolis Shenzhen has woken up to the sight of hordes of out-of-whack shared bicycles blocking the streets,…

Aug 22, 2018
Liao Shumin
Ofo Retreats From Yet Another Foreign Country as South Korean Operations Skid to Halt

Ofo Retreats From Yet Another Foreign Country as South Korean Operations Skid to Halt

Ofo, the world’s biggest independent bike-sharing provider, has withdrawn from yet another overseas market as it pins its hopes on success in its home country, China.

Aug 10, 2018
Xu Wei