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Company Behind Fallen Bike-Sharing Unicorn Ofo Found to Lack Executable Funds
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Company Behind Fallen Bike-Sharing Unicorn Ofo Found to Lack Executable Funds

Jun 11, 2021
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Company Behind Fallen Bike-Sharing Unicorn Ofo Found to Lack Executable Funds
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(Source: The Denver Post via Getty Images)

According to enterprise information platform Tianyancha, Dongxia Datong (Beijing) Management Consulting Co. Ltd., the operator of the now defunct bike-sharing platform Ofo, was found to possess no executable funds following a court order on June 10.

Legal action taken by the Beijing Haidian People’s Court followi…

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