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Chinese Bike-sharing Startup Ofo Raises $866m In New Financing Led By Alibaba Group | Techcrunch

by techcrunch.com posted 5months ago 24 views
 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.

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