Homepage / Asia / Alibaba among investors as Chinese bike sharing startup Ofo raises $700 million in fresh funds
“gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler test Users535352253 Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review


Alibaba among investors as Chinese bike sharing startup Ofo raises $700 million in fresh funds

Chinese bike-sharing startup Ofo has set its sights on global expansion, saying on Thursday it raised over $700 million in a funding round that included Jack Ma’s Alibaba Group.

The funding round was led by Alibaba, Hony Capital and CITIC Private Equity, with additional participation from existing investors Didi Chuxing and DST Global.

“We will further upgrade our service for better user experiences, accelerate our global expansion strategy and continue to lead the bike-sharing industry,” said Dai Wei, founder and CEO of Ofo, in a prepared statement. “Our vision is to unlock every corner of the world, and make Ofo the universal language.”

Ofo declined to disclose the valuation for the current funding round, but Dai told CNBC in April the company was worth more than $2 billion.

China’s bike-sharing industry has been heating up, with upstarts such as Ofo, rival Beijing Mobike Technology and others aiming to improve urban mobility in the country and promote greener transport.

The concept of bike-sharing is simple enough: People use a smartphone app to unlock a nearby bike and ride to their final destination for a small fee, beating the clogged traffic in many Chinese cities.

Investors have seen the potential for the market, and have poured sizable chunks of money into the segment. Before Thursday’s funding news, Ofo said it had raised more than $650 million.

Last month, Mobike said it had raised over $600 million in a funding round led by internet giant Tencent Holdings and joined by Sequoia, TPG and Hillhouse Capital among others.

By the end of the year, Ofo said it planned to deploy 20 million bikes to the bike-sharing ecosystem and to expand its services to reach 200 cities in 20 countries around the world. The company added that it currently has over 6.5 million bikes in 150 cities.

Source: cnbc china
Alibaba among investors as Chinese bike sharing startup Ofo raises 0 million in fresh funds

Comments are closed.