Tech Company Financing Transactions
ofo Funding Round
ofo, operating out of Haidian Beijing, scored $866 million in investment from Alibaba Group, Ant Financial and Haofeng Group.
Transaction Overview
Company Name
Announced On
3/14/2018
Transaction Type
Venture Equity
Amount
$866,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The latest fundraising comes as Ofo and arch-rival Mobike, the biggest bike-sharing firms in China, have been expanding rapidly overseas as well as launching new services at home and offering a greater variety of bicycles.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Beijing Liyuan St. on the 1st Legislative Court Building
Haidian Beijing, 2-1027
China
Haidian Beijing, 2-1027
China
Phone
Website
Email Address
Overview
Founded in 2014, ofo developed the world's first "non-docking" bike-sharing platform operated via an online mobile app.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Xue Dong
Co-Founder
Zhang Siding
Co-Founder
Dai Wei
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