Ofo, plagued by bankruptcy rumors, has had a tough year trying to pay back user deposits. The Chinese bike-sharing startup recently launched a new controversial refund policy.
Ofo is back, but perhaps in a different way.
On Jan. 23, Wang Huiwen, co-founder and senior vice president of Chinese food delivery giant Meituan Dianping, announced in an internal letter the full integration of bike-sharing company Mobike into the Meituan system.
On Dec. 23, Mobike’s internal letter disclosed that Mobike founder Hu Weiwei resigned from the position of Mobike’s CEO for personal reasons