What Alibaba's past tells us about Ofo's future

As China's e-commerce giant leads an $866 million investment that takes Ofo past bike-sharing rival Mobike in the funding race, a look at previous deals offers hints at its strategy.

What Alibaba's past tells us about Ofo's future

An $866 million investment in Ofo, led by e-commerce titan Alibaba, has breathed new life into China's bike-sharing sector, just as it seemed the heat was going out of a sector that roared its way into the headlines last year.

In the largest single investment in the bike-sharing sector so far, Alibaba joined its financial affiliate Ant Financial, as well as Chinese private equity funds Haofeng Group, Tianhe Capital and Junli Capital, to back...

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