Minority shareholders have reportedly begun receiving documents about the deal.
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.
Chinese bike sharing company ofo has hit another speed bump in its international markets. According to media reports, Ofo is pulling operations out in cities in Spain, including Madrid, Granada, Valencia, and Marbella, after entering the country less than a year ago. The company told TechNode that ofo is still operating in Spain, but admitted […]
Cash-strapped Ofo could try wheeling its business down another path.