Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
Bike companies have a longer time for implementation than previously announced.
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.
Ofo’s headquarters have shifted as it faces a reported cash crunch.
The Chinese bike rental firm is reportedly preparing for its bankruptcy reorganization plans.