World Ofo, Pioneer of China’s Bike-Sharing Boom, Is in a Crisis December 20, 2018RAYMOND ZHONG and CAROLYN ZHANGComments Off on Ofo, Pioneer of China’s Bike-Sharing Boom, Is in a Crisis 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.
