Bicycle sharing, is OFO really going to

It's been a cold winter for OFO. Continuously things, become the hot topic of social attention. With a chronic shortage of capital and high monthly maintenance costs, at least nine companies have sued OFO since 2018.

Recently, the Shanghai chongming district people's court on a white horse (Shanghai) investment co., LTD. V. OFO operating subject east gorge chase (Beijing) management consulting co., LTD., advertising contract dispute decision, it shall be ordered to east gorge chase payment default on a white horse (Shanghai) Advertising fee 5.1031 million RMB and the corresponding penalty due to breach of contract (standard) according to five over ten thousand day 

Yet this is only the tip of OFO's financial iceberg.

With the recent explosion of the sharing economy, a lot of capital has poured into this new track. Theorized that the deposit to earn a large sum of money, but only a few years, the drawbacks all show disorderly parking of bicycles, malicious damage, unreasonable bicycle delivery, high operating costs. When the heat goes out, Shared bikes will go nowhere.

Shared bikes at subway stations

Now that the sharing bubble has burst, the biggest concern for most people may be the return of their deposits.Small makes up the deposit in August, it feels strange. First of all, the key of OFO to return the deposit was hidden, and then the return speed was slow. I made several phone calls to OFO, but it was recovered. However, some netizens really encounter the problem that the deposit cannot be returned.

Moses( a netizen) Said:

"My deposit has been returned for two or three months. Always showing the refund"

Guo xiaoning ( a netizen) Said:

"I made hundreds of calls today and finally got through. I waited for human customer service for more than 30 minutes, but finally I got the deposit back.

Ryan said:

"How can I get my deposit back? I couldn't get through."