Ofo, Pioneer of China’s Bike-Sharing Boom, Is in a Crisis

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.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. https://ift.tt/2EFkXNF The New York Times 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. https://ift.tt/2UZcucV 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.
By RAYMOND ZHONG and CAROLYN ZHANG from NYT Technology https://ift.tt/2UZcucV
via IFTTT