Bike sharing business in China is becoming a game of internet giants, taking its toll on independent players, such as ofo. Since its peers are all financially protected by acquisitions from Alibaba or Tencent, ofo is facing a dilemma as to whether to remain standalone or to accept outside finance support at the cost of autonomy. On 15th, ofo was forced to execute 20 court orders and repay loans totaling 536 million yuan, ranging from tens to hundreds of thousands.
