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Ofo completed over $700 million E round of financing: Alibaba joint lead

via:博客园     time:2017/7/6 10:37:12     readed:906

July 6th news, the sharing bike platform ofo small yellow car announced the completion of a new round of financing over $700 million. It is reported that the current round of financing by Alibaba, Hony capital and CITIC Industrial Fund joint lead investment, drops travel and DST continue to vote. Easy Kay capital as the current round of financing exclusive financial advisor.

Among them, the current round of Alibaba official ofo small yellow car investment, worthy of attention. In April 22nd of this year, ofo has announced the acquisition of strategic investment in Ali's capital ants clothing. That time, the two sides announced that the payment, credit, internationalization and other fields launched a comprehensive deepening of strategic cooperation, which was once considered an important symbol of Ali's formal entry into the ofo.

At present, ofo and ant gold clothing has launched several aspects of cooperation, in March 16th to exempt deposit payment, ofo, announced a partnership with sesame credit strategy, Shanghai sesame credit score 650 points or more users can use the yellow car free deposit credit authorization service; in April 18th, ofo again announced that the Hangzhou area exempt deposit credit. Up to now, its credit free deposit service in Shanghai, Hangzhou, Guangzhou, Shenzhen, Xiamen and five cities.

Ofo small yellow car founder and CEO Dai Wei said:

Alibaba as the joint leader of the current round, very optimistic about the future development prospects of ofo, Alibaba group executive director of the board of directors Cai Chongxin said:

Hony investment chairman, said Zhao Linghuan CEO:

Didi travel side said, drops and ofo small yellow car has many common ideas, are

According to ofo data, since June 2015 since the world's first start ofo, the small yellow car has been connected to over 6 million 500 thousand vehicles sharing bicycle, on orders over 25 million, with over 2 billion times, convenient, green and low-carbon travel services to 5 countries around the world over 150 city hundreds of millions of users. By the end of 2017, ofo small yellow car plans to launch 20 million vehicles, serving 200 cities all over the world, and entering 20 countries and regions.

Previously, ofo has received include drops, DST, CITIC Industrial Fund, Jingwei China, venture capital, Coatue, Jinsha River Atomico, new Hualian Group, Jing Yuan capital, it real fund, Wang Gang and other well-known investment institutions and individuals.

Ofo financing process:

Founder information:

Dai Wei, ofo founder and CEO, master of economics from Peking University. In 2009, he studied in Peking University and the Finance Department of Guanghua School of Management. After graduating in 2013, he followed the Central Committee of the Central Committee for education and worked as a math teacher for a year in Datong County, east of Qinghai. In 2014, returned to Beijing University to study for master's degree. In 2014, ofo shared the bike with 4 partners.

The latest financing for shared bike projects:

Mobell bicycle, ofo's biggest competitor, obtained in June 2017 by the Tencent, bank international, TPG TPG capital, Hillhouse capital, Sequoia Capital, Capital capital, Farallon China when ICBC international investment E round of financing.

Hellobike (Hello cycling), the main two or three line city, get Weimaraner several hundred million B round of strategic investment vehicles in July 2017.

Blue bicycle, bicycle riding beast's service brand share, in February 2017 the investment of satellite communications and intelligent black hole 400 million yuan A round of financing.

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