In leaked memo, Chinese bike sharing startup Ofo's founder says it is facing immense cash flow pressure and has considered applying for bankruptcy (Yuan Yang/Financial Times)
In leaked memo, Chinese bike sharing startup Ofo's founder says it is facing immense cash flow pressure and has considered applying for bankruptcy — Ofo, the Alibaba-backed bike-sharing service, has “immense” cash flow problems and has considered applying for bankruptcy, according to the company's founder.
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In leaked memo, Chinese bike sharing startup Ofo's founder says it is facing immense cash flow pressure and has considered applying for bankruptcy (Yuan Yang/Financial Times)
![In leaked memo, Chinese bike sharing startup Ofo's founder says it is facing immense cash flow pressure and has considered applying for bankruptcy (Yuan Yang/Financial Times)]()
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December 19, 2018
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