Chinese bike-sharing firm Ofo has raised US$866 million in new funding led by Alibaba
#1
dizzy 200mil users or bike dumpers ? Laughing

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BEIJING: Chinese bike-sharing firm Ofo has raised US$866 million in new funding led by Alibaba Group Holding Ltd, in what it said was the largest investment garnered in a single round by a bike-sharing startup.

It said it has roughly 200 million users globally and is operating in 250 cities in 21 countries.

Read more at https://www.channelnewsasia.com/news/bus...a-10039260
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#2
The craze is growing......

Question is.,., how Long will it last and how crazy will it get?
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#3
Mobike going into car sharing!!!
So soon we shall see cars parked all over the place? Big Grin
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#4
Do bicycle rental can really make money out of original people? Laughing

I mean can it s@ck $866million out from our pocket and return back to the investor? 5
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#5
14-3-2018 1:45 AM
ahnya said:
Mobike going into car sharing!!!
So soon we shall see cars parked all over the place? Big Grin

wah !! can steal spare parts !! Surprised
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#6
14-3-2018 1:46 AM
Mark Koh said:
Do bicycle rental can really make money out of original people? Laughing

I mean can it s@ck $866million out from our pocket and return back to the investor? 5

maybe Ofo buy bicycles online from Alibaba.com Surprised Laughing
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#7
You must link the madness to the old Dola.
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#8
14-3-2018 1:18 AM
milo178 said:
The craze is growing......

Question is.,., how Long will it last and how crazy will it get?

it peak just before Temasek or GIC decide to invest....then it will most likely collapse
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#9
14-3-2018 5:10 AM
PervertoSan said:
it peak just before Temasek or GIC decide to invest....then it will most likely collapse

Bike sharing seems like a joke. I see many of them lying around. Occasionally people who use them foc r mainly students.
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#10
why don't they just give every one. a free bike.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
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