22 January 2018 – Alibaba Buys $3bn in Shares of Ofo

Deals Alibaba has reportedly bought $3bn in shares of bicycle rental platform Ofo from venture firm GSR Ventures at a $10bn valuation, according to reports in China that cite comments made by a relative of GSR managing director Allen Zhu. E-commerce firm JD.com is looking to raise $2bn for its logistics services spinoff, JD Logstics, … Continue reading "22 January 2018 – Alibaba Buys $3bn in Shares of Ofo"