Didi’s service will come through partnerships with companies like Bluegogo, a bike-sharing firm that collapsed in December. Didi will retain Bluegogo’s brand name, property, deposits, and debts.
Didi will also feature rival bike-sharing companies through its app. Ofa is the largest bike-sharing company in China with 100M dockless bikes in the region with 10K in other countries. Ofa has a $3B valuation and received at least $1B in financing from Alibaba last month.
Previously: Venture capital deals of the week (Dec. 10, 2017)
Now read: 2017: The Year The Unicorn Died »
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