Riding on the road to funding success
CHINESE bicycle-sharing service, ofo bicycle, announced a successful C-round financing of about US$130 million yesterday as investors rushed to tap the growing bicycle-sharing community.
The funding mainly came from American hedge fund Coatue, Chinese smartphone maker Xiaomi and CITIC Private Equity.
The startup also received millions of US dollars of funding from China’s top car-hailing service Didi Chuxing as part of a strategic collaboration agreement in late September.
The bike service, which operates via a mobile app, started out as a student project in Peking University in 2014.
It currently has over 70,000 bikes on campuses across 20 cities, with 1.8 million users taking around 500,000 rides every day.
Four Chinese startups, including ofo and Mobike, each raised between US$1.49 million and US$100 million in September in China’s nascent bicycle-sharing market.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.