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Ofo Borrows $280M From Alibaba As Financial Troubles Escalate At Bike Sharing Firm

Retrieved on: 2018-03-06 13:46:32

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<div>Didi Chuxing holds a 25.32% share in ofo, while company founder Dai Wei and <b>Matrix Partners</b> China own 36.02% and 10.15% respectively, for a combined 72%, according to Chinese business data platform Tianyancha. As such, Chinese media speculated that the 30% stake sold by GSR could ...</div>

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