The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.
Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries.
Ofo’s headquarters have shifted as it faces a reported cash crunch.
The Chinese bike rental firm is reportedly preparing for its bankruptcy reorganization plans.
Cash-strapped Ofo could try wheeling its business down another path.