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July 6, 2017 02:47 am GMT
Ofo, one of China’s two billion-dollar-valued bike-sharing companies, has announced that it raised a $700 million Series E funding round which is led by e-commerce giant Alibaba,Hony Capital and CITIC Private Equity. Existing backers including ride-sharing firm Didi and DST Global also took part. This is the first time Alibaba has officially thrown its lot into China’s… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4cqDKyUuW2o/
Chinese bike-sharing startup Ofo raises $700M led by Alibaba
Ofo, one of China’s two billion-dollar-valued bike-sharing companies, has announced that it raised a $700 million Series E funding round which is led by e-commerce giant Alibaba,Hony Capital and CITIC Private Equity. Existing backers including ride-sharing firm Didi and DST Global also took part. This is the first time Alibaba has officially thrown its lot into China’s… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/4cqDKyUuW2o/
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