TU-TESL

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The little yellow ofo car, which fell like a meteor and gradually faded out of people's view, recently returned to people's attention because of a news of paying off the debt - recently, it was reported that the monthly profit of ofo was millions of yuan, and the debt of ant financial service had been paid off. The article contains a large number of untrue messages Ofo officially responded on October 14, 2019, "all kinds of attempts we have made at present are to solve historical problems such as deposit and continue to meet users' riding needs as much as possible." On October 15, after the zinc scale was verified by ant financial service, the reply was: ant financial service always adheres to the principle of "focusing on the interests of users and the public", supports the healthy and sustainable development of ofo, supports the reasonable opinions of ofo and shareholders, and actively promotes the solution of problems. However, no matter whether ofo actually pays off the debt of ant financial service, it is an indisputable fact that ofo still has a large amount of debt that has not been paid off yet. According to the statistics of zinc scale, no one knows how to pay off these huge debts for Dewey who is still struggling. In the past two years, the first pledge took place on February 5, 2018, with the number of 4.448 million small yellow cars mortgaged to Shanghai Yunxin Venture Capital Co., Ltd. (hereinafter referred to as "Shanghai Yunxin"), with the amount of creditor's rights of RMB 500 million. Yunxin venture is 100% owned by ant financial, which is equal to the mortgage loan of ofo to ant financial. The second pledge occurred on February 12, 2018. The collateral is a floating number of shared bicycles. The mortgagee is Zhejiang tmall Technology Co., Ltd. and the amount of creditor's rights is 1.266 billion yuan. The transaction subjects of the above two personal property pledges of ofo are "Shanghai Aofo Hesheng Network Technology Co., Ltd." and the legal representative of the company is Dai Wei. At that time, the fate of ofo, after experiencing the infinite scenery in 2017, turned sharply. According to media reports, the funds available in the ofo account were less than 600 million yuan. If calculated according to the employees' salary, operation and maintenance expenditure of 400-500 million yuan per month and the deposit continuously flowing out of ofo, the cash on hand of ofo could only support one month. At the same time, Huawei, Alibaba and didi have launched a fierce game: Huawei wants to have the dominant power, Alibaba wants to get more equity, Didi wants to turn ofo into a business unit. The result of the game is that the financing progress of ofo is not smooth, any financing plan of ofo needs to be signed by all the board of directors, and no financing can be carried out without signing by any party, but it is more difficult to unify the opinions of all the people. At a crucial moment, Alibaba stepped forward to help out and circumvent the restrictions by providing loans: loans can only be made with the consent of a majority of the board of directors. However, according to people familiar with the matter, Alibaba's loan is not for ofo at one time, but for ofo at a monthly rate of 100 million to 200 million yuan in batches to help ofo solve its operational difficulties. In order to borrow money from Ali, ofo almost mortgaged all the bicycles operated at that time. In addition, the loan period of ant financial service to ofo is only half a year. Normally, in 2018, ofo should pay off the debt of ant financial service. Another 1.266 billion yuan was borrowed from tmall, which is two years old and expires in January 2020. So up to now, the 500 million yuan of ant financial service has been paid back? Combined with the statement of ofo and ant financial service, the 500 million yuan has not been returned to a large extent, otherwise it will not be so vague. Moreover, ofo should also have no money to pay back. After all, according to ofo, all efforts are to solve the deposit problem - in fact, many netizens commented that their deposits have not been refunded, where can ofo pay back the ant's gold suit? In addition, even if the 500 million yuan of ant financial service has been repaid, or in another way - for example, in March 2018, the last round of ofo, i.e. E2 - 1 round of equity and debt financing, including the 500 million debt of ant financial service, tmall's 1.266 billion yuan still has no place. The problem is that there are fewer and fewer small yellow cars in the market, and the value of them as collateral is getting smaller and smaller. How to repay the 1.266 billion yuan to Ali by January next year? In addition to shareholders, ofo also owes more than 300 million yuan to upstream bike manufacturers, logistics companies, parts companies, etc. Fujita, Shanghai Phoenix and Tianjin flying pigeons, who provide shared bikes for ofo, eventually become enemies with ofo due to their debts, and fight with them one after another. According to the results of the zinc scale query, Tianjin Fujita is the most in arrears, with a total of 249.8 million yuan. In April 2017, ofo and Fujitec signed a strategic cooperation to provide 10 million bicycles for ofo every year and jointly establish a global R & D Center for shared bicycles. At that time, Xin Jiansheng, chairman of Fujita, was looking forward to the future: "in 2016, 12 million bicycles were produced, and it is expected to break through 20 million after cooperation with ofo in 2017." The dream was soon broken, and Fujita sued ofo in court when it failed to collect the debt. In June this year, a judgment document from the Tianjin Higher People's court showed that despite the win of the lawsuit, Fujita only got the result that "there is no real estate and land use right under the name of" ofo ", no foreign investment, no vehicle, although it has opened a bank account, it has been frozen by other courts or the account has no balance". Secondly, Tianjin pigeons. In February 2017, ofo signed strategic cooperation with Tianjin pigeon. According to the plan, Tianjin flying pigeon will provide 5 million shared bicycles to ofo every year, which is five times the annual output of flying pigeon at that time. Therefore, three new production lines have to be added to operate at full load. It is worth mentioning that compared with Fujita and Tianjin pigeons, Shanghai Phoenix has better luck. In May 2017, ofo signed a strategic cooperation with Shanghai Phoenix, which provides at least 5 million shared bicycles to ofo every year. Thanks to this cooperation, the operating revenue of Shanghai Phoenix in 2017 was as high as 1.428 billion yuan, up 126.63% year-on-year, and due to ofo, the operating revenue in 2018 decreased to 762 million yuan, down - 46.68% year-on-year. In April this year, xiaohuangche paid more than 30 million yuan of debt to Shanghai Fenghuang, and now it still owes 36.1729 million yuan. However, Shanghai Fenghuang accrued 36.1729 million yuan of bad debt in the mid-2019 report, and has insufficient confidence in the subsequent repayment. In addition, ofo owed more than 14 million yuan, no more than 10 million yuan, 110 million yuan and 8.1119 million yuan respectively to Baishi logistics, Debang logistics, yunniao logistics and Kerry Chase, and owed 8.0782 million yuan, 6.033 million yuan and 27.9933 million yuan respectively to Wutong holding, Yueyuan communication and Chaoli motor. At present, there are 561 legal proceedings in ofo in enterprise investigation, involving equity freezing, judicial documents, court announcement, dishonest executee, information of executee, etc. and,. Compared with the money owed to shareholders and suppliers, ofo is more known as the money owed to users. The number of users waiting in line for deposit refunding is high after ofo encounters financial difficulties. At present, there are more than 16 million people queuing up, and the average number of daily refunds is about 3500. Based on the deposit of 99 yuan or 199 yuan per person, the scale of the deposit to be refunded is between 1.584 billion yuan and 3.184 billion yuan. Assuming the refund rate remains the same, the longest users will have to wait for more than 12 years. On the platform of sina black cat, there are up to 46000 complaints related to ofo, which focus on the deposit can not be refunded and the customer service can not be contacted. Many complainants pour out: "more and more hopeless." However, there is a variable rate of refund. "The scale of the ofo market is shrinking, so is the revenue. It's a vicious circle," a former ofo employee told the zinc scale For example, on June 5, 2019, the bidding results of Guangzhou shared bicycles show that if meituan bicycles, hello bicycles and Qingju bicycles win the bid, ofo will exit Guangzhou. Moreover, the stubborn Dai Wei doesn't want to save himself. In this mode, many users think that ofo is collecting the last wool of users, which is really ugly. However, in the past two weeks after Guangzhou went online, the stake rate of active vehicles with stake operation has increased by nearly 25% from less than 50%, and the penalty rate has dropped by half compared with the previous 20%, shenzhen.com reported.