Chinese bike-sharing firm Ofo raises $866m in Alibaba-led round

A staff member from the bike-sharing company Ofo gathers its shared bikes for use during the evening rush hour, in Beijing, China April 12, 2017. REUTERS/Jason Lee/File Photo

Cate Cadell

13 March, 2018

Alibaba Group Holding Ltd.ofo

Printed by Unregistered user on Wed, 17 Dec 2025 12:32:59 GMT

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Chinese bike-sharing firm Ofo raises $866m in Alibaba-led round

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Chinese bike-sharing firm Ofo raises $866m in Alibaba-led round

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Read more from Greater China

Warburg Pincus signs deal to invest in business service provider Acclime

MetaX shares surge 700% on debut as China’s AI chip push gathers speed