CHINA Ofo urged to smooth deposit channels, speed up refund schedule: MOT

CHINA

Ofo urged to smooth deposit channels, speed up refund schedule: MOT

By Shan Xin | People's Daily app

11:19, December 21, 2018

ofo.jpg(File photo)

China’s Ministry of Transport has urged the trouble-plagued bike-sharing company ofo to return deposits in a simple, fast manner after dozens of users were captured lining up outside its headquarter to get deposit refunds. 

The ministry also required Ofo to increase its income, reduce expenditures and enhance the sustainable development ability of the company. "The ministry will also follow up on the case closely with related departments," the spokesperson added.

As of yesterday, Ofo has received more than 10 million online applications for deposit refunds.

Ofo founder Dai Wei has been issued consumption restrictions by a court in Beijing yesterday, which means Dai has been prohibited from any high-end consumption and non-necessities of life and work, due to the failure by him and the Ofo company to pay debts to logistic companies, bike manufacturers and other service providers.

(With input from China Daily)

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