Oct 11, 2016 07:42 PM

Bike Sharing Becomes Didi's New Frontier

Photo: Didi Chuxing
Photo: Didi Chuxing

(Beijing) — Didi Chuxing, China's dominant ride-hailing service, may move deeper into the urban transportation ecosystem through Ofo, a bicycle-sharing startup that has just raised $130 million.

Ofo said on Monday that it has completed its latest round of fundraising, led by American technology hedge fund Coatue, Chinese smartphone maker Xiaomi and Citic Private Equity Funds Management Co. Ltd.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code