Alibaba among investors as Chinese bike sharing startup Ofo raises $700 million in fresh funds – CNBC

Alibaba among investors as Chinese bike sharing startup Ofo raises $700 million in fresh funds
CNBC
Investors included Alibaba Group, Hony Capital and CITIC Private Equity, the bike-sharing company said. Ofo CEO Dai Wei told CNBC in April that his company was worth more than $2 billion. Saheli Roy Choudhury | @sahelirc. 1 Hour Ago CNBC.com.

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