Year-ender: Businessmen who made headlines in China

Dai Wei

The bike-sharing firm Ofo's founder was a rising star among entrepreneurs during 2016 - 2017, with the 26-year-old ranked in the Forbes List of 30 under 30 Asia for Consumer Technology.

However, the firm has been suffering financial problems for the past few months, with tens of millions of users waiting for refunds since the second half of 2018. To compound matters for the company, unpaid bills resulted in several lawsuits in the same period.

Moreover, Dai has been blacklisted by government for not fulfilling payment obligations and barred from excessive spending.

By Nov 29, Dai received 34 spending restrictions from courts.

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