VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
On March 1, OFO, a bicycle-sharing platform, announced it had completed the series D round of financing with 450 million dollars, ChinaNews.com reported. The investment was led by the world famous investment institution, DST (Digital Sky Technology). Didi, Citic, Matrix Partners China, Coatue, Atomico, Macrolink Group, and other well-known institutions at home and abroad followed. OFO has made the highest ever single financial investment for a bicycle-sharing platform in this round of financing.
Third party data research institutions have found that OFO occupied 51.2% of the bicycle-sharing market. It achieved "the king of growth" in the industry, with a growth rate of 218% in three months, according to ChinaNews.com. Recently, OFO topped the total free list and the travel free list in the Apple App Store, becoming the fastest growing mobile App.
Since June 2015, OFO has connected over 1 million bikes and over 20 million registered users. In nearly 40 cities in China, the United States, Britain and Singapore, OFO provided a travelling service for users on more than 300 million occasions.
Source: ChinaNews.com
Proofread by Sean O Diobhilin
Related coverage
Wanda bring UCI World Tour back to China
02 Dec 2016
LeTV Sports sign exclusive partnership deal with A.S.O
29 Jun 2015
Skoda to sponsor Le Tour de France China Criterium
27 Jul 2017
Tour of Guangxi 2017 welcomes online cycling partner
18 Sep 2017
Wang Jianlin interested in Tour de France
01 Mar 2016
More from Yutang Sports
SportAccord 2024 - combating online abuse ‘chance for sport to show its power’
22 Mar 2024
Birmingham is embracing a bright future supported by extraordinary sporting legacy
17 Apr 2024
SportAccord 2024 makes a memorable return to Birmingham
13 Apr 2024
SportAccord Media Partners will ensure global audiences are primed with latest news in sport
02 Mar 2024
SportAccord Summit 2024 Logo Unveiled
29 Nov 2023
Yutang Sports
loading...