China's Ofo close to securing fresh funding for rapid expansion

China's Ofo close to securing fresh funding for rapid expansion

Photo: Bloomberg

China’s Ofo, one of the country’s leading bike-sharing firms, said it is close to clinching new funding that will help it more than triple its fleet of yellow bicycles to 20 million this year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter