Yesterday Chinese media 36kr is reporting that Didi vetoed Alibaba’s funding to Chinese bike rental startup ofo. However, Didi’s spokesperson told TechNode that this is not true.

“We didn’t veto any such plan. We are partners with Alibaba in ofo,” Didi spokesperson told TechNode.

In July, ofo announced its Series E of financing worth $700 million led by Alibaba and other investors including Didi. According to 36kr, at the end of last year, ofo reportedly has reached an investment agreement with Alibaba to accept the $1 billion in financing. However, neither ofo nor Alibaba announced the details of the financing.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com