A Chinese bike-sharing company with operations in several major U.S. cities has decided that welcoming control by the Chinese Communist Party (CCP) would be its best bet for moving its business forward.
Ofo, a company that specializes in dockless bike sharing, announced changes to its corporate charter, giving the Party an actual leadership role in corporate governance, according to a June 24 article on Chinese state-run media Xinhua. The announcement was made at the company’s Party committee meeting held on June 23.
