Too harsh to agree.
Once agreed, he would be working for someone else.
Over the past six months, ofo yellow bikes have already expanded in several major cities in China, with nearly ten million registered users, and over one million users have paid the deposit.
Deposits in total nearly two billion.
Most of that money has been used for expansion, as he anticipates next round of funding growth.
As for the money from Yuancheng Capital, it's already been spent, what can over 100 million do? Bike expenses alone exceed it, not to mention daily maintenance, staff salaries, rental spaces, these costs are much higher than the bikes themselves.
There are also various ground promotions, with every registered user, ofo yellow bikes costs nearly ten yuan.
David's phone rang.
Upon connection, it was Cen Yezhen from Yuancheng Capital.
Cen Yezhen said, "President Dai, are you free now? Shall we sit down and chat?"
"Sure, I happen to have some things to discuss with President Cen."
