Ofo raises $700 million as the bike-sharing battle heats up

The battle of the bike-sharing startups took a serious turn today with news that China’s Ofo has raised another $700 million in a round of venture capital (VC) funding led by Alibaba, Hony Capital, and Citic Private Equity. Didi Chuxing, the “Uber of China,” also participated in the round. The news comes just four months after […]