More than 10 million users of bike-rental firm ofo have requested deposit refunds, with the company possibly owing in excess of RMB 1 billion ($145 million) to its riders.

Yesterday, an ofo user posted a screenshot on microblogging platform Weibo informing them that they were number 10,000,001 on the refund waiting list. The screenshot was picked up by Chinese media outlet AllWeather TMT. As of 4 p.m. today, more than 11 million people have requested their money back.

An ofo spokesperson refused to confirm to TechNode the number of requests the company had received.

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Jill Shen

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric cars. Connect with her via e-mail: jill.shen@technode.com or Twitter: @yushan_shen