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Thursday, December 20, 2018

Ofo bikes sharing company is going to bankrupt soon!

http://www.asiaone.com/business/chinese-bike-sharing-startup-ofo-considering-bankruptcy

We had posted numerous articles on the bikes sharing business before.

https://sg-stock.blogspot.com/2018/07/ofo-bike-sharing-has-failed-in-usa.html

This kind of business is not viable at all even with a strong financial backer like Alibaba.

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