Better secure deposits for bike use
7 years, 3 months ago

Better secure deposits for bike use

China Daily  

SHORT-HIRE BIKE GIANTS MOBIKE AND OFO have dismissed reports accusing the two of misappropriating the deposits riders pay to use their dockless, GPS-enabled Mobike and Ofo bikes. Thepaper.cn commented on Tuesday: The misappropriation of users' deposits must be taken seriously, not least when many failed or financially struggling startups have done just that, even though it is illegal. The costly approach means fundraising tactics are not confined to courting deep-pocketed investors but include using customers' deposits. The guidelines on short-term bike rental services issued four months ago by 10 departments at the central government level urge service providers to open special accounts in which to keep collected deposits.

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Better secure deposits for bike use
7 years, 3 months ago

Better secure deposits for bike use

China Daily  

SHORT-HIRE BIKE GIANTS MOBIKE AND OFO have dismissed reports accusing the two of misappropriating the deposits riders pay to use their dockless, GPS-enabled Mobike and Ofo bikes. Thepaper.cn commented on Tuesday: The misappropriation of users' deposits must be taken seriously, not least when many failed or financially struggling startups have done just that, even though it is illegal. The costly …

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