Ofo, China's Bike Sharing Start-up, is in a Crisis - NYT

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Ofo, China's Bike Sharing Start-up, is in a Crisis - NYT Empty Ofo, China's Bike Sharing Start-up, is in a Crisis - NYT

Post by bdahm on Fri Dec 21, 2018 11:00 pm

The business model of many of the country’s tech start-ups — spend furiously to acquire new users, worry about profits later — wobbles as one company’s stock piles up on the streets.



Note: Mobike is the company supplying those orange bikes we see all over Chiang Mai


https://www.nytimes.com/2018/12/20/technology/ofo-bicycle-share-china.html


-Bill

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