Ofo already allow users with a score of at least 650 on Sesame Credit to rent its bicycles deposit-free. Photo: May Tse

Ant Financial’s push for deposit-free rental services in China

The company will invest US$150 million to help ‘sharing economy’ firms waive the deposit for users with a high enough social credit rating

Topic |   Alibaba

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Ofo already allow users with a score of at least 650 on Sesame Credit to rent its bicycles deposit-free. Photo: May Tse
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