Close
ofo Bike Sharing

Ofo Bikes Marked for Factory Demolition

May 9, 2019 9:30 am

Chengdu (PingWest) – On Thursday, residents in China's southern city Chengdu reported seeing yellow Ofo bikes piled up as trash waiting for demolition at a salvage yard. Each bike is rated at $2 for recycling. A factory worker said the bikes will be recycled as scrap.  

Ofo, a Beijing-based bike sharing platform founded in 2014, is facing bankruptcy, while hundreds of millions of users are queuing online to get their deposits back.   

Millions of Ofo bikes in factory demolition. Image Credit: The Cover 
Millions of Ofo bikes in factory demolition. Image Credit: The Cover 

Source: The Cover