China bike-sharing firm Ofo says raises over $700 million, led by Alibaba, others

HONG KONG (Reuters) - Chinese bike-sharing start-up Ofo said on Thursday it has raised more than $700 million in its latest funding round that was led by Alibaba Group and two others, in the largest such fund-raising in the business that has drawn keen investor interest.

from Reuters: Technology News http://ift.tt/2trI0CW