Ofo, Pioneer of China’s Bike-Sharing Boom, Is in a Crisis

By RAYMOND ZHONG and CAROLYN ZHANG from NYT Technology https://www.nytimes.com/2018/12/20/technology/ofo-bicycle-share-china.html?partner=IFTTT Technology The business model of many of the country’s tech start-ups — spend furiously to acquire new users, worry about profits later — wobbles as one company’s stock piles up on the streets. The New York Times https://www.nytimes.com/2018/12/20/technology/ofo-bicycle-share-china.html?partner=IFTTT

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