Bike-sharing startup Ofo is being sued by its Chinese bicycle supplier for $10M in unpaid bills; source says Ofo is burning through about $25M a month (Gabriel Wildau/Financial Times)

Gabriel Wildau / Financial Times:
Bike-sharing startup Ofo is being sued by its Chinese bicycle supplier for $10M in unpaid bills; source says Ofo is burning through about $25M a month  —  A Shanghai-listed bicycle manufacturer has sued Ofo, the bike-sharing start-up backed by Alibaba, for $10m in unpaid bills …

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