Hu Weiwei, who co-founded the Chinese bike rental giant Mobike, announced her resignation by an internal mail last Sunday, without stating any clear reasons associated with the leave. Since Hu resigned at a tumultuous time when ofo’s poor liquidity had already alerted millions of its users to retrieve their deposit, rumors started regarding the potential layoff and subsequent downsizing. Nonetheless, Mobike still views itself in a prosperous perspective and affirmed that, with affluent financial support from Meituan-Dianping, they are facing no crisis.
