Bike-Share Pioneer Ofo Flirted With Bankruptcy as Cash Dried Up
A pair of bicycles sit on a display on the Ofo Inc. hire bicycle exhibition stand at the Autonomy urban mobility summit in Paris, France. (Photographer: Marlene Awaad/Bloomberg)

Bike-Share Pioneer Ofo Flirted With Bankruptcy as Cash Dried Up

(Bloomberg) -- Ofo Inc., a pioneer of China’s bike-sharing boom, considered throwing in the towel and filing for bankruptcy in what would have been the country’s biggest startup failure in years.
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