Ofo: Chinese Bike-Sharer Ofo to Need 12 Years to Refund up to USD465 Million in Deposits
(Yicai Global) July 5 -- Beleaguered Chinese dockless bike-sharer Ofo must refund CNY1.6 billion (USD232 million) to CNY3.2 billion in security deposits to its users.
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Co-Founder & CEO
Dai Wei
Ofo operates as a web and mobile-based bicycle sharing platform that allows users to search, book and pay for bicycle rides.
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