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Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

  • Posted by admin on March 13, 2018

 Beijing-based bike-sharing startup Ofo has raised $ 866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Read More
Startups – TechCrunch

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