A group of bike sharers Shanghai. The authorities in Shanghai and Tianjin will impose regulations on the rapidly growing bike-sharing sector following mounting complaints over an accumulation of millions of the rentable two-wheelers on city streets. Photo: AFP

Chinese bike-sharer Ofo lands US$700 million in new funding, led by Alibaba

The Beijing-based bike-sharing major Ofo has raised massive new funding from Alibaba, Hony Capital and Citic Private Equity

Topic |   Bike-sharing services

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A group of bike sharers Shanghai. The authorities in Shanghai and Tianjin will impose regulations on the rapidly growing bike-sharing sector following mounting complaints over an accumulation of millions of the rentable two-wheelers on city streets. Photo: AFP
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