Ofo's 13mn yuan frozen over SF Express case - RTHK
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Ofo's 13mn yuan frozen over SF Express case

2019-01-03 HKT 14:32
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  • Problems have been mounting for the bike-sharing company. File photo: AFP
    Problems have been mounting for the bike-sharing company. File photo: AFP
A mainland court has ordered a freeze on a bank deposit of more than 13 million yuan by embattled bike-sharing firm Ofo in response to a lawsuit from delivery company SF Express over unpaid bills.

The Hong Kong-founded delivery firm says it had repeatedly asked Ofo to settle its outstanding fees before taking the dispute to court. It didn't say how much it is owed.

The cash-strapped bike-sharing company, backed by Alibaba, is also facing demands from nearly 12 million users for deposit refunds.

Last month, the company founder Dai Wei was put on a luxury-spending blacklist by a Beijing court, which prohibits him from staying in high-end hotels, and fast train or air travel.