Investors easily snared by startup hype

THERE HAVE BEEN A GROWING NUMBER OF COMPLAINTS from people unable to get their cash deposits of 199 yuan ($28.66) refunded by domestic bicycle-sharing company Ofo. Gmw.cn comments:

In comparison to those who have failed to get their deposits returned by calling customer services or submitting a refund application online, one user successfully got a refund by writing an email to Ofo and pretending he was a foreigner. He got his refund hours later.

When being called by a media outlet, the company's public relations manager said he had just woken up from his noon sleep so he could not answer. Then he, fully awake or not, refused to answer any call.