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Local authorities plan to name and shame the non-compliant companies
Debt-saddled Ofo might miss out the opportunity.
Didi and Mobike have already raised prices
The company’s register capital has dropped drastically from RMB 1.03 billion to RMB 430 million
Fresh funding for the Ant Financial-backed contestant in China’s bike sharing race
The measure will presumably cut costs for the cash-strapped company.
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