[Dai Wei, founder of ofo, US second venture project is in trouble: capital chain expansion is blocked and completely stalled] FAP, May 29, ofo founder Dai Wei's US coffee start-up project About Time Coffee has recently been hotly discussed by overseas media. Interface news reporters learned from multiple independent sources that the current operation of About Time Coffee has been in trouble, the capital chain has encountered bottlenecks, and the whole project is close to the brink of shutdown. A source close to the project told reporters that at present, About Time Coffee has begun to close stores in New York. "at first, the strategy of this project is very clear, that is, it focuses on the layout of mega-cities with high population density on the East Coast of the United States. Now, with the exception of New York, the opening of stores in other big cities can not be pushed at all, and the location of the entire East of the United States has been stopped." The person familiar with the matter said. Another source close to Dai Wei confirmed to reporters that the expansion plan of the entire About Time Coffee chain store has completely stopped, the operation of the original store is also at a standstill, maintaining a simpler operation, and members of the project are watching.