Ofo, Pioneer of China’s Bike-Sharing Boom, Is in a Crisis by RAYMOND ZHONG and CAROLYN ZHANG

By RAYMOND ZHONG and CAROLYN ZHANG 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. Published: December 19, 2018 at 06:00PM from NYT Technology https://ift.tt/2UZcucV via IFTTT

Read More Ofo, Pioneer of China’s Bike-Sharing Boom, Is in a Crisis by RAYMOND ZHONG and CAROLYN ZHANG

Ofo, Pioneer of China’s Bike-Sharing Boom, Is in a Crisis by RAYMOND ZHONG and CAROLYN ZHANG

By RAYMOND ZHONG and CAROLYN ZHANG 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. Published: December 19, 2018 at 06:00PM from NYT Technology https://ift.tt/2UZcucV via IFTTT

Read More Ofo, Pioneer of China’s Bike-Sharing Boom, Is in a Crisis by RAYMOND ZHONG and CAROLYN ZHANG