I hope that every ofo can identify with and firmly believe that: do not escape, live bravely, for every penny we owe, for every user who has supported us! Dai Wei said in the letter.
Full text of letter enclosed
Hello everyone. Believe that whether you are in the headquarters or in various cities throughout the country, these days have experienced tremendous suffering and pressure, I like you, in pain and despair persevere.
Since the company failed to make a correct judgment on the changes of the external environment from the end of last year to the beginning of this year, the company has been under tremendous cash flow pressure throughout the year. Return users deposit, pay the suppliers arrears, and maintain the companys operation. One yuan should be broken into three yuan.
Over the past six months, the pressure from cash flow and the media has made us unable to do our best. Especially after the companys efforts to find financing failed, I have countless times thought about cutting off all the operating funds to refund some user deposits and suppliersarrears, even to dissolve the company and apply for bankruptcy, so that we do not have to continue to bear such great pressure.
But whenever I have this idea, I can always see one user after another on the road, maybe riding a yellow car to work, maybe pushing the yellow car to load heavy things, and then thinking that every day we still provide services for millions of users, I told myself, also told every ofo, there is hope in life, no matter how much pressure we have to carry, no matter how difficult it is. We must also find ways to overcome the difficulties.
I am very, very grateful to all my brothers and sisters who are still in the company. I can hardly imagine and appreciate how much pressure you have endured and how much difficulty you have overcome this year. I have no chance to know and understand with you, but I am full of gratitude and pride. It is the enthusiasm and devotion of peoples life that sustains the operation of bicycles. It is for users to ride one more car and one more day.
I am also grateful to all of you who have left or will leave. Each of you has used your feelings and strength to support the young but heavy body of ofo. I have no chance to say goodbye to you, but I am confident that one day you will come back, because ofos life and blood have everyones participation and existence.
Finally, I hope that every ofo can identify with and firmly believe that: do not escape, live bravely, for every penny we owe, for every user who has supported us!
Let the world have no unfamiliar corner, the ofo people will never give up.
December 19, 2018
The staff of Xiaohuang Car Headquarters are excited from the 5th floor to the 1st floor.
Recently, some users came to Xiaohuang cars headquarters on the fifth floor of Internet Finance Building in Haidian District of Beijing to seek refund after the news that the deposit is difficult to withdraw came out. On the evening of December 18, the reporter saw on the spot that although it was getting dark after work, there were hundreds of people queuing from the fifth floor to the first floor. As of the evening of December 18, more than 10 million people had queued for the refund of their deposit on the APP of the ofo Xiaohuang car. If the deposit is calculated at 99 yuan per user, the deposit to be refunded is at least 1 billion yuan at present, and the maximum deposit is 1.9 billion yuan at 199 yuan. At present, the number of queues applying for deposit refund on APP is increasing.