SHANGHAI -- Bike-sharing company Ofo will receive $700 million in funding from a consortium led by Alibaba Group Holding, the latest example of China's e-commerce leaders investing in rapidly growing emerging services providers.
Chinese media report that the consortium includes a fund affiliated with Citic group. Investment ratios have not been disclosed.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.