Didi Chuxing and Alibaba’s Ant Financial are negotiating a deal for a joint buyout of bike-sharing startup Ofo for $2 billion, according to a new report that cited a...
The bikesharing trend has really gotten rolling in many cities around the world. Whether or not you’ve ridden one, you’ve surely seen them: Fleets of...
Ofo, the Chinese bicycle sharing company, has raised $1 billion or more from Alibaba, the Chinese eCommerce giant, and other investors. According to a report...
Shared bike giants Mobike and Ofo deny they used 6 billion yuan ($909 million) of user deposits to support their rapidly expanding businesses. Anonymous sources...
Bike-sharing has become big business worldwide in a relatively short span of time. Virtually unheard of even a few years ago, these days there are...
Ofo, the bike sharing startup based in China that was able to obtain Unicorn status recently, announced that Ant Financial, the payment arm of Alibaba, is...