ã€Global Network Technology Reporter Chen Jian】 July 6 news, the sharing of bicycles ofo Xiao Huang car announced the completion of a new round of more than 700 million U.S. dollars of financing, the current round of financing to become the single highest financing of the shared bicycle industry, ofo become The world’s highest-value shared bike platform.
This round of financing was jointly led by Alibaba, Hony Capital, and China CITIC Industrial Fund. DJT and DST continued to follow suit. Yikai Capital acted as exclusive financial advisor for this round of financing. Since October 2015, ofo has completed seven financings. At present, another shared bike, Mobike, announced in June of this year that it had completed the E round of financing of 600 million U.S. dollars. This figure was the single record since the birth of the shared bicycle industry. The highest record of pen financing is now broken by ofo.
According to statistics, since the first launch in the world in June 2015, OFO Xiao Huang car has connected more than 6.5 million shared bicycles, with over 25 million daily orders, providing over 20 million users in over 150 cities in 5 countries in the world. Efficient and convenient, green and low-carbon travel service of 100 million times. The OFO's small yellow car plans to put 20 million bicycles at the end of 2017, serving 200 cities around the world and entering 20 countries and regions.
On December 23, 2016, the shared bicycle ofo officially announced its entry into the overseas market, and Xiao Huang was about to appear in Silicon Valley and London. So far, ofo has become the first shared cycling platform to provide overseas services.
Dao Wei, founder and CEO of ofo Xiao Huang, said: “ofo Xiao Huang Che is committed to providing convenient, efficient, green and healthy travel services for users around the world. In the future, we will further promote the user experience upgrade and accelerate the strategic layout at home and abroad. We continue to lead the development of the shared bicycle industry. Our vision is to make the world no stranger and make OFO a global language.â€
For investment ofo, Alibaba Group Executive Vice Chairman Cai Chongxin said: “ofo Xiao Huangju redefines the short-distance travel mode, allowing more people to join the ranks of low-carbon life, and to deliver a true positive value to society. Ali is very much in recognition of OFO's industry leadership position and open platform strategy. We are very happy to have more in-depth cooperation with OFO and unlock the greater potential of the industry together."
Hony Capital Investment Chairman and CEO Zhao Linghuan said: “Hongyi Investment is very optimistic about the strategy, innovation capability and team execution of OFO Xiao Huang Motor. We believe that we will jointly build a leader-level enterprise in the shared economy.â€
Didi Chuxing said that Didi and theo yellow vehicles have many common ideas, are "mass entrepreneurship, innovation" strategy, "sharing economy" beneficiaries and practitioners. Didi is confident in the clear strategy and execution capabilities of the OFO management team.
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