Chinese bike rental company ofo is said to complete an E2-2 round of fundraising worth hundreds of millions US dollars led by Ant Financial and Didi Chuxing, 36Kr reported quoting insiders (in Chinese). The report did not specify if Ant Financial and Didi are the only two investors.

TechNode reached out to ofo but has not heard back by the publication of the article. Chinese local media also reported that no official announcement has been made regarding the news.

The news comes amid renewed rumors that ofo will be acquired by ride-hailing giant Didi after the bike rental platform withdrew from several global markets amid a cash crunch.

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Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com