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March 1, 2017 06:55 am GMT
There can be no hype without a unicorn.China’s newest startup money pit — bicycle rentals on-demand —now has its first billion-dollar valued company.The industry has sucked in more than $300 million from investors this year alone — that’s countingjust one company — and now Ofo has become the first in the space to reach the much-coveted $1 billion… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/w-SX5W5YSWI/
Chinas newest source of on-demand hype, rental bicycles, gets its first unicorn
There can be no hype without a unicorn.China’s newest startup money pit — bicycle rentals on-demand —now has its first billion-dollar valued company.The industry has sucked in more than $300 million from investors this year alone — that’s countingjust one company — and now Ofo has become the first in the space to reach the much-coveted $1 billion… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/w-SX5W5YSWI/
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