Venture Houston 2018
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13 March 2018

Alibaba takes another ride on Ofo

Alibaba has led a $866m debt and equity round for bicycle rental service Ofo having reportedly bought $3bn of stock in January.

Author: Thierry Heles, Reporter

China-based dockless bicycle rental platform Ofo raised $866m in equity and debt financing today from a consortium led by e-commerce group Alibaba.