Bluegogo is going bust. Staff from the bicycle rental company broke the news yesterday that the company is dissolving and salary payments will be delayed until February 10, 2018. TechNode’s Chinese sister site has confirmed that the salaries are indeed delayed and that the company is in a poor state (in Chinese).

Even more shocking is that the head of Bluegogo’s market operation department, Vice President Hu Yufei, revealed during a telephone call with TechNode Chinese that he has been gone from the company for several months now, adding that  they should “ask people from Bluegogo about the specifics.”

Another employee from the company’s marketing department has said that he has already left his job in Bluegogo and that his former colleagues have been waiting for their salaries for months. Another senior manager revealed that he has already left the company and that there will be another team to take over the Bluegogo brand. He disclosed that other teams refer to outside companies.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.