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

Source: https://www.nytimes.com/2018/12/20/technology/ofo-bicycle-share-china.html?partner=rss&emc=rss
December 21, 2018 at 02:38AM

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.