What Alibaba's past tells us about Ofo's future

As China's e-commerce giant leads an $866 million investment that takes Ofo past bike-sharing rival Mobike in the funding race, a look at previous deals offers hints at its strategy.

An $866 million investment in Ofo, led by e-commerce titan Alibaba, has breathed new life into China's bike-sharing sector, just as it seemed the heat was going out of a sector that roared its way into the headlines last year.

¬ Haymarket Media Limited. All rights reserved.

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