Recently, OFO Bike deposit refunds have given rise to intensive public attention. As of December 24, 2018, the number of people who have applied for a refund of the deposit at OFO has exceeded 13 million and this number is rapidly increasing. According to the “refund in order” rule, a large number of users who have applied for the deposit refund will face a long waiting time.
The shared bicycle deposit is different from deposits in general rental relationships. Normally, the termination of the lease relationship means that the lessor should return the deposit to the lessee. For example, under the house renting scenario, when you terminate the lease relationship with the landlord, the landlord needs to immediately return the rental deposit to you.
However, in the case of shared bicycles, most users will not apply for a refund of their deposit at the end of each ride. Instead, users typically choose to save their deposit in their account in order to continue using shared bicycles in the future.
As a new business model, the legislative rules are not well established for shared bicycles. From the existing legal system, the current use and return mode of the deposit is not necessarily illegal; however, in the case of a collective refund, users are exposed to the risk of refund failure/delay due to the break of the capital chain.
The law generally lags behind practice, which requires more active and inclusive laws to regulate new business models.
Shanghai, located on the Yangtze Estuary along China’s eastern coast, is one of the country’s four direct-administered municipalities. Over the decades, Shanghai has evolved into a dynamic global center for finance, research, technology, manufacturing, and transportation, epitomized by the bustling Port of Shanghai, which is among the busiest container ports in the world. The roots
In recent years, with Chinese companies actively expanding their international business and accelerating their globalization strategy, overseas employment has become an important human resource allocation strategy and an indispensable part of their overseas operations. In practice, Chinese enterprises usually adopt diversified employment models to meet the needs of overseas business development in order to adapt
Introduction On November 1, 2024, six government departments, including the Ministry of Commerce and the China Securities Regulatory Commission, jointly issued the “Measures for the Administration of Strategic Investments by Foreign Investors in Listed Companies” (hereinafter referred to as the “New Measures”), which will be effective from December 2, 2024. The New Measures aim to
