A Chinese court has ruled that bike-sharing startup Ofo, once valued at upwards of $2 billion, has no ability to pay its massive debts to either suppliers and users, adding another chapter to a cautionary tale for investors in China’s frothy startup sector.
中国一家法院裁定曾经市值超过20亿美元的共享单车公司ofo无能力向供应商和用户偿还巨额债务,这又向中国泡沫创业板块的投资者敲响了警钟。
Ofo “has basically no assets” and therefore cannot repay Tianjin Fuji-Ta Bicycle, a supplier that sued the operator of the bike-share company this year to recover the roughly $36 million it was owed, a court in the city of Tianjin ruled on Monday (June 17).
天津市一家法院周一(6月17日)做出判决,ofo“基本上没有资产”,因此无法偿还欠天津富士达自行车公司的债务。该供应商今年起诉了这家共享单车运营商,想要追回约3600万美元的欠款。
It noted that the company’s bank accounts either have a zero balance or are frozen, and that it had no property, cars, or investment assets either, in a verdict first reported by China Securities Journal, part of the state-run Xinhua news group.
在隶属于国有新华资讯集团的《中国证券报》最先发表的一份判决中,法院称该公司的银行账户要么没有余额,要么被冻结,公司也没有不动产、汽车或投资资产。
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