People use mobile payment to rent Ofo bikes, a bike sharing service in Shenzhen, China. Photo: SCMP People use mobile payment to rent Ofo bikes, a bike sharing service in Shenzhen, China. Photo: SCMP
People use mobile payment to rent Ofo bikes, a bike sharing service in Shenzhen, China. Photo: SCMP

Bike-sharing services

Tech /  Start-ups

Bike-sharing firm Ofo's dramatic fall from grace a warning to China's tech investors

  • Ofo’s plight is a warning for China’s tech investors, who have ploughed billions of dollars into loss-making businesses such as bike sharing and ride hailing

Topic |   Bike-sharing services
Reuters
Reuters

Updated: 10:36am, 26 Dec, 2018

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People use mobile payment to rent Ofo bikes, a bike sharing service in Shenzhen, China. Photo: SCMP People use mobile payment to rent Ofo bikes, a bike sharing service in Shenzhen, China. Photo: SCMP
People use mobile payment to rent Ofo bikes, a bike sharing service in Shenzhen, China. Photo: SCMP
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