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Chinese Bike Unicorn Ofo Rumored To Exaggerate Fundraising Size

March 7, 2017

Beijing-based Chinese bike rental company ofo, which two days ago announced a US$450 million series D funding round at a valuation of over US$1 billion, is rumored to have exaggerated the fundraising size in order to appear more competitive, according to various Chinese reports citing insiders.  Read more

Source: China Money Network