The 3-year-old Chinese bike sharing service startup ofo, which has the distinction of being first company bike rental company to gain unicorn status, is considering the acquisition of the Taiwan’s 45-year-old bike manufacturer Giant Manufacturing, according to reports in Chinese media. These media reports stem from a remark made by Cheng Wei, a founder of Didi Chuxing and a member of ofo’s board of directors, in Beijing recently.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
