Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Ofo seeking new-round financing led by Alibaba, insider

January 16, 2018


Abstract : China’s bike-share company Ofo is seeking a new-round of financing led by Alibaba ,Securities Daily quoted an insider of Ofo as saying on Monday.

ofo

BEIJING, Jan.16 (Xinhua)-- China’s bike-share company Ofo is seeking a new-round of financing led by Alibaba, Securities Daily quoted an insider of Ofo as saying on Monday.

A media report said last week that Ofo is strapped for cash and might sustain itself for only one month. Then Ofo released a statement and said that it would sue the media outlet.

Now the sharing bike market is gradually cooling. Merger & reorganization has become a general trend. In this context, ofo's new-round financing has a direct bearing on its future development. Ofo's competition with Mobike and Didi must be fierce.

(Edited by Yang Yifan, yangyifan@xihua.org)

Scan the QR code and push it to your mobile phone

Keyword: Alibaba Ofo

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial