A district court in southern China has ruled in favor of a logistics company that sued Chinese bike-sharing giant Ofo for unpaid services, The Paper reported Tuesday.

According to a court document published Sunday, Shenzhen’s Bao’an District court froze over 13.75 million yuan ($2 million) in Ofo accounts, two months after logistics company Shunfeng sued Ofo in October. Shunfeng had signed a strategic partnership with Ofo in June 2017 to provide bike components and delivery services.

The court order is the latest financial blow to the embattled bike-sharing company. In December, a Beijing court blacklisted its CEO over a legal dispute with another logistics company, and in August, a Shanghai-based supplier of bikes and bike components sued Ofo over nearly 70 million yuan in unpaid bills. Amid media speculation that Ofo was on the verge of bankruptcy, hundreds of users queued outside the company’s Beijing headquarters last month hoping to get their deposits back. (Image: VCG)