What went wrong with the “Little Yellow Bike”?

BY CHINA DAILY   Ofo Inc, one of China’s largest bike-sharing platforms, is reportedly struggling financially amid rumors of bankruptcy or being forced to sell. Dai Wei, founder and CEO of Ofo, said in an internal letter on Wednesday: “As winter comes, the storm will hit soon”, calling on employees to remain loyal to the company. Dai sought to rally the company with organizational restructuring … Continue reading What went wrong with the “Little Yellow Bike”?