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Chinese bike-sharing start-up Ofo just raised $866 million

13/03/2018

The massive haul is the largest investment in a single funding round for a bike-sharing startup, reports CNBC. The funding round was led by Chinese internet giant Alibaba. Ofo says it currently has 200 million users around the world and operates in 250 cities in 21 countries.It will use its latest round of fund to...
The massive haul is the largest investment in a single round for a startup, reports CNBC. The round was led by Chinese internet giant Alibaba. Ofo says it currently has 200 users around the world and operates in 250 cities in 21 countries.It will use its latest round of fund to … Continue reading “Chinese start-up Ofo just raised $866 million” The massive haul is the largest investment in a single round for a startup, reports CNBC. The round was led by Chinese internet giant Alibaba. Ofo says it currently has 200 users around the world and operates in 250 cities in 21 countries.It will use its latest round of fund to further development in an increasingly competitive market. Ofo’s biggest competitor is Mobike, China’s largest company, which has been rapidly expanding overseas.Read Full Story
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