Chinese bike sharing firm Ofo is preparing a bankruptcy proceeding as its liquidity crisis worsened, Chinese media outlet Jiemian reported today citing a leaked document. In a statement, Ofo denied such claim and called the report "ridiculous". But according to the report, Ofo has been pushed to the edge of bankruptcy as its bike sharing […]

Chinese Bike Sharing Firm Ofo Reportedly Preparing For Bankruptcy, Ofo Denies It appeared first on China Money Network.