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

TechCrunchBeijing-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 … and more …read more Source:: Startup Tech News From Google News

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