China's Didi Chuxing to take over struggling bike-sharing startup Ofo: Report

Ofo Inc. and Beijing Mobike Technology Co. bicycles sit parked on a sidewalk outside a subway station in Shanghai, China, on Thursday, Sept. 12, 2017. Photographer: Qilai Shen/Bloomberg

Chinese bike-sharing startup Ofo is close to being acquired by its investor and ride-hailing major Didi Chuxing, according to a report by Kr36.

However, the two parties are yet to agree on a price, the report added.

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