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CEO Dai Wei, a 26-year-old entrepreneur who named his firm Ofo as the letters look like a bike, revealed that figure in a conversation with CNBC. It's about double the last reports of the company's value — which came out less than two months ago. ...
A worker from the bike share company Ofo puts a damaged bike on a pile at a makeshift repair depot for the company where thousands of derelict bikes are being kept after coming off the road on March 29, 2017 in Beijing, China.
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