Alibaba (officially) saddles up for bike-share race

Leading a $700 million-plus round for Ofo – after its affiliate Ant Financial’s previous investment – Alibaba is now taking on Tencent in China’s bike-sharing battle.
Yellow bikes belong to Ofo
Yellow bikes belong to Ofo
July 06, 2017

Dai Wei, the 26-year-old co-founder and CEO of yellow-hued bike-sharing platform Ofo, made a telling comment earlier this year.

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