Ofo, the bike-sharing startup once valued at $2B, gets a makeover to become a shopping app, after over a year of struggles to refund users' deposits (Masha Borak/South China Morning Post)

Masha Borak / South China Morning Post:
Ofo, the bike-sharing startup once valued at $2B, gets a makeover to become a shopping app, after over a year of struggles to refund users' deposits  —  The Alibaba-backed company is pivoting to ecommerce and offering rebates in lieu of returning deposit moneyThe Alibaba-backed company …

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