Chinese bike-sharing company Ofo announces $866M in equity and debt financing in a funding round led by Alibaba (Yimian Wu/China Money Network)

Chinese bike-sharing company Ofo announces $866M in equity and debt financing in a funding round led by Alibaba (Yimian Wu/China Money Network)

Yimian Wu / China Money Network:
Chinese bike-sharing company Ofo announces $866M in equity and debt financing in a funding round led by Alibaba  —  China’s bike-sharing firm ofo announced that it has raised US$866 million in equity and debt capital in a funding round led by Alibaba Group Holding Ltd. The deal increases Alibaba’s control …

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