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Posted on: March 13, 2018, 7:06 a.m.
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. Full investment news articleRelevent to this post: Louisiana Economic Development,