China's bike-share app Ofo raises $850 mn to expand overseas

The massive haul is the largest investment in a single funding round for a bike-sharing startup, reports CNBC. The funding round was led by Chinese internet giant Alibaba. Ofo says it currently has 200 million users around the world and operates in 250 cities in 21 countries.It will use its latest round of fund to … Continue reading “Chinese bike-sharing start-up Ofo just raised $866 million” The massive haul is the largest investment in a single funding round for a bike-sharing startup, reports CNBC. The funding round was led by Chinese internet giant Alibaba. Ofo says it currently has 200 million users around the world and operates in 250 cities in 21 countries.It will use its latest round of fund to further development in an increasingly competitive market. Ofo’s biggest competitor is Mobike, China’s largest bike-sharing company, which has been rapidly expanding overseas.Read Full Story

China's bike-share app Ofo raises $850 mn to expand overseas

Chinese bike-sharing start-up Ofo announced Tuesday that it has raised around $850 million from investors including e-commerce giant Alibaba, to finance its overseas expansion while it battles ...

Tue 13 Mar 18 from Phys.org

Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

 Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s ...

Tue 13 Mar 18 from TechCrunch

AR startup Magic Leap raises $461 million from Saudi Arabia fund

(Reuters) - Magic Leap, a secretive startup working in the augmented reality space, said on Wednesday it raised $461 million in its latest funding round, led by the Kingdom of Saudi Arabia's ...

Wed 7 Mar 18 from Reuters Technology

Magic Leap raises $461 million in fresh funding from the Kingdom of Saudi Arabia

 Magic Leap still hasn’t released a product, but they’re continuing to raise a lot of cash to get there. The Plantation, Florida-based augmented reality startup announced today ...

Wed 7 Mar 18 from TechCrunch

Chinese bike-sharing start-up Ofo just raised $866 million

The massive haul is the largest investment in a single funding round for a bike-sharing startup, reports CNBC. The funding round was led by Chinese internet giant Alibaba. Ofo says it currently ...

Tue 13 Mar 18 from Fastcompany Tech

Magic Leap, which never stops raising VC money, just nabbed $461 million more

Dang, Magic Leap’s technology better be off-the-charts amazing. The Florida-based mixed-reality company, which seems to announce massive amounts of new funding every couple of weeks, ...

Wed 7 Mar 18 from Fastcompany Tech

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