Serious Chinese bike-sharing startup Ofo raises $700M led by Alibaba

[VonClaudia]

Ofo previously raised a $450 million Series D led by DST in February which valued the company at over $1 billion for the first time.

Chinese bike-sharing startup Ofo raises $700M led by Alibaba

 

[Devil Within]

$1 billion of rubbish.

China's Bicycle sharing WENT INSANE!
[video=youtube;kdsb2wwn-7g]https://www.youtube.com/watch?v=kdsb2wwn-7g&t=409s[/video]