Founder of ofo Xiaohuangche, Dai Wei, went to the United States to start a business: registered users drink coffee for free, with an estimated value of $200 million

Tech 2023-05-16 11:15:37 Source: Network

On May 16th, Tech Planet reported that according to Phoenix Technology, the founder of OFO Little Yellow Car, Dai Wei, has once again started his business, choosing the United States. According to media reports in December last year, the company is seeking new financing with a valuation of $200 million

On May 16th, Tech Planet reported that according to Phoenix Technology, the founder of OFO Little Yellow Car, Dai Wei, has once again started his business, choosing the United States. According to media reports in December last year, the company is seeking new financing with a valuation of $200 million.

Last February, a small coffee shop with a red neon sign opened in one of the most leisurely neighborhoods in New York City, Gramesse Park. Soon, this coffee shop called AboutTimeCoffee opened four more chain stores in the prime area of downtown Manhattan, selling chilled pearl coffee (similar to domestic pearl milk tea), which suddenly became a trend on TikTok and Instagram in the United States.

This is not an ordinary community caf , but a tech savvy startup that has received support from some large Chinese venture capital firms. Its founder is the founder of OFO, Dai Wei, with investors including Zhenge Fund and IDG Capital's China subsidiary.

According to insiders, since the outbreak of COVID-19, Dewey has been shuttling between China and the United States. First, he opened a startup company in Seattle to rent a power bank, and then opened a coffee chain store in New York. Despite the bankruptcy of OFO, the entrepreneur once again received funds from investors who trusted him, including IDG, Zhenge Fund, and Beijing Weixing Capital. Weixing Capital was an early investor in OFO. Marian Chen stated that so far, AboutTime has raised over $10 million in funding at a valuation of $40 million.

It is worth mentioning that in February of this year, there were media reports that the ofo Xiaohuangche client could no longer receive SMS verification codes and users could not log in. After multiple tests on OFO Apple and Android clients, it is indeed impossible to receive verification code text messages. If using the ofo mini program for testing, it will prompt for network abnormalities.

In addition, the official 400 customer phone number of ofo cannot be reached; Call the office phone number posted on the company's official website, indicating that it has been turned off.

A user roast that the ofo client has no practical use for a long time, and has not been uninstalled because he still occasionally logs in to check the ranking of deposit refunds queued up for any miracle. Even logging in is not possible, and it should be completely cold.

Previously, in November 2018, OFO was in a financial crisis, and some users found that their deposits could not be refunded immediately. Subsequently, a large number of users queued up in front of the OFO office building to refund their deposits. Afterwards, OFO also launched various ways to refund deposits, including functions such as pulling friends to help refund deposits, rewarding friends with orders, and recharging and refunding deposits. However, according to conservative estimates from industry insiders, there are currently at least 16 million people whose deposits have not been refunded.

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