Ofo has been forced to retreat from an ambitious overseas push, unable to keep up with the spending of Mobike, which recently waived all Chinese users' deposits in an effort to push out other players.

Ofo无法跟上摩拜的烧钱步伐，被迫放弃了雄心勃勃的海外扩张。为将其他竞争对手挤出市场，摩拜最近退还了所有中国用户的押金。

Last week, Chinese media reported that Ofo faced losing access to 3m of its bicycles after an anonymous supplier, which made its smart locks, threatened to "freeze" those locks if Ofo kept delaying its payments to the supplier.

上周，中国媒体报道称，一家匿名的Ofo智能锁供应商威胁称，如果该公司继续拖延付款，将“冻结”这些锁，这将导致300万辆Ofo自行车无法使用。

"We already have a resolution for the problem of the service fees, that we are in the middle of implementing," Ofo said. "There is no 'frozen lock' problem."

Ofo方面对此表示：“关于服务费问题，我们已经有了解决方案，正在实施中。不存在'冻结锁'的问题。”

Didi, which already holds a stake in Ofo, has previously ended cash-burning competition by buying its rivals -- including the Chinese operations of Uber, which it acquired in 2016 in return for a 20 per cent stake.

已持有Ofo部分股权的滴滴，此前已通过收购竞争对手--包括优步(Uber)的中国业务（滴滴于2016年收购了这项业务，作为交换，优步获得滴滴20%的股份）--结束了烧钱竞争。

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