Once valued at US$2 billion, Ofo is now struggling to stay afloat. (Picture: SCMP)Once valued at US$2 billion, Ofo is now struggling to stay afloat. (Picture: SCMP)
Once valued at US$2 billion, Ofo is now struggling to stay afloat. (Picture: SCMP)

Troubled bike-sharing company Ofo is now a shopping app

The Alibaba-backed company is pivoting to ecommerce and offering rebates in lieu of returning deposit money

Topic |   Ofo
Once valued at US$2 billion, Ofo is now struggling to stay afloat. (Picture: SCMP)Once valued at US$2 billion, Ofo is now struggling to stay afloat. (Picture: SCMP)
Once valued at US$2 billion, Ofo is now struggling to stay afloat. (Picture: SCMP)
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