Chinese bike-sharing firm Ofo held an internal meeting on Monday at which co-founder and CEO Dai Wei sought to rally the company by comparing the Beijing-based start-up’s current status to Winston ...

The real returns from bike sharing will be made from the data. Now that Mobike has a strong backer, it is opening the spending spigot that looks certain to crush what is left of the smaller rivals ...

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HONG KONG (Reuters) - Chinese bike-sharing start-up Ofo said on Thursday it has raised more than $700 million in its latest funding round that was led by Alibaba Group and two others, in the largest ...

Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba's biggest ...

Didi Chuxing has already established itself as the dominant force in the ridesharing market in China (as it officially takes over Uber China), but now, it’s looking at two-wheeled options, too. Never ...

"I'm so happy about the Clara Lionel Foundation's new partnership with ofo because it will help so many young people around the world receive a quality education, and also help the young girls of… By ...

On January 9, when Ofo announced it was launching in Sheffield, it lauded the city as its “largest and fastest” UK launch yet, with 1,000 dockless shareable bikes set to be placed on the city’s hilly ...

Chinese bike-sharing startup Ofo now says it is worth more than $2 billion. CEO Dai Wei, a 26-year-old entrepreneur who named his firm Ofo as the letters look like a bike, revealed that figure in a ...

Bike share company Ofo left an unwelcome parting gift as it exited the Dallas market: a heap of hundreds of its banana-yellow bikes. A photo of the massive pile went viral, prompting questions about ...

Ofo laid off the majority of its workforce in the U.S. on Wednesday as the Chinese bike-share company began to withdraw from several markets. One source pegged the layoffs at around 70% of its roughly ...