China's bike-sharing startup ofo faces mounting pressure in Singapore

China's bike-sharing startup ofo faces mounting pressure in Singapore

Ofo bike-sharing bicycles are pictured in Singapore, August 29, 2017. REUTERS/Edgar Su

Chinese bike-sharing unicorn Ofo’s cashflow problems at home are taking a toll on its overseas operations, with Singapore being among the countries where its operations appear to be in total disarray.

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