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Chinese bike-sharing startup Ofo considering bankruptcy: FT

By Staff Writer

Dec 21 2018 12:15PM

"Immense" cash flow problems.

Chinese bike-sharing startup Ofo considering bankruptcy: FT

Chinese bike-sharing startup Ofo, backed by Alibaba Group Holding Ltd, has "immense" cash flow problems and has considered applying for bankruptcy, the Financial Times reported on Wednesday. Cash flow problems for the company have become acute, the FT reported, citing Ofo founder Dai Wei's ...

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