OfO*** Why can you owe so many people money and not pay it back?

Ofo, which has been seeking independent development, has often been restricted by funds recently. The root cause is that * * * has not found a reliable way to make a profit by enjoying cycling. Although ofo tries to find new profit points and improve its viability through public screen advertisements and commercial advertisements, the operation and maintenance costs and depreciation costs of bicycles are high. According to the data, the operation and maintenance cost and dispatching cost of ofo are as high as 300-400 million yuan per month, which is consistent with the expenditure of mobike, so it is more reliable.

At the beginning of February this year, ofo exchanged a loan of 65.438+77 billion yuan from Alibaba through chattel mortgage. In mid-March, ofo also indicated that it had obtained $866 million (about 5.5 billion yuan) E2- 1 round of financing through equity claims (including previous loans).

Although the financing amount is not small, in addition to the high monthly cost, ofo also defaulted on the payment of several suppliers. In August this year, Oufu was sued by its partner bicycle manufacturer, Shanghai Phoenix Enterprise (Group) Co., Ltd., accusing it of being in arrears of more than 68 million yuan and demanding it to pay more than 70 million yuan in arrears and overdue breach of contract losses. According to the data, at present, ofo may only pay 20% (more than 3 billion yuan) owed by suppliers. Beijing Daily reporter inquired that in July this year, the main operator of Dongxia Datong was sentenced by the court to freeze bank deposits 1 129433.55 yuan for one year due to "house lease dispute". In the name of Wuhan Sirui Real Estate Consulting Co., Ltd., the guarantor, a small off-road bus was also detained for two years. All these phenomena indicate that ofo really lacks funds.

The latest news is that at 2 pm on June 165438+ 10/4, Orff's founder and CEO David told all employees in the front hall of the company that Orff would not close the door and everything was possible. However, Dewey did not give a specific answer to whether ofo has received new investment or will be acquired.