China bike-sharing startup Ofo sued for $10M in unpaid bills
Chinese bike-sharing startup Ofo has been sued by manufacturer Shanghai Phoenix Bicycles for $10 million over "unpaid bills". According to the lawsuit, Ofo allegedly signed a contract for five million bikes in 2017 but only purchased just under two million bikes. The plaintiff also demanded that Ofo pay nearly $30,000 for attorney fees, security deposits and the litigation fees.