14/03/2018: CORPORATE: Alibaba leads $866 mn funding in Chinese bike-sharing firm Ofo

Published: 14/03/2018
14/03/2018: CORPORATE: Alibaba leads $866 mn funding in Chinese bike-sharing firm Ofo
Source: EPAPER.LIVEMINT.COM

Chinese bike-sharing firm Ofo has raised $866 million in new funding led by Alibaba Group Holding Ltd, in what it said was the largest investment garnered in a single round by a bike-sharing start-up. “Ofo has been transitioning from a phase of rapid...

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