The round marked a new funding record in the bike-sharing industry, the company claimed in an official statement. It is a combination of debt and equity financing. "Ofo will continue to put our customers first and lead the bike-sharing industry with technological innovation and efficient operations", he said. Last year, the company raised $700 million from a group of investors, including Alibaba Group, in a bid to fuel its competition with Tencent-backed MoBike.
The expansion plans come despite the decision last week by one rival, GoBee, to abandon European operations after 60% of its bikes were vandalised or destroyed within four months of launch. The company has already made inroads into France, Japan and the U.S., and says it is operational in around 20 countries. "We have approved a new wave of bikes to be introduced to the city". Beijing has 700,000 shared bikes, and 11 million registered users, almost half the capital's population.
Both Ofo and Mobike have reached valuations of more than a billion dollars and, combined, hold over 90% of China's bike-sharing market (and are also expanding into other countries). More than 6,000 residents signed up during the first few weeks of the scheme, with Ofo promising to introduce 300 more bikes this month.
But in other European cities, local authorities are clamping down on unregulated bike-sharing schemes. "Our mission is to solve the last-mile transportation problem in India's urban areas, and we see vast potential in Pune for ofo's convenient, affordable and low carbon way of travel", says Rajarshi Sahai, Director of Public Policy and Communications at ofo.
In January, it acquired similarly cash-strapped bike-sharing startup Bluegogo. Last month, Zoomcar launched PEDL, its cycle-sharing vertical in Bengaluru's HSR Layout, and the company is looking to expand this across the city, and the country. Mobycy also launched a dockless bike-sharing platform and raised a $500,000 seed funding.
In July, the Beijing-based bike-sharing platform completed a Series E funding of $700 million, making them the world's biggest and most valued bike-sharing company.
Thanks to an update to the Google Assistant for iOS app, the digital assistant now supports the Apple iPad. More screen real estate simply means that you don't have to exit one app just to hop into Google Assistant.
This repurchase authorization authorizes the network equipment provider to buy shares of its stock through open market purchases. Since September 18, 2017, it had 0 buys, and 5 sales for $11.45 million activity. (NASDAQ:CSCO) shares were sold by BARTZ CAROL.
This marks the second year in a row WWDC has been held in the South Bay, after a long run at San Francisco's Moscone Center. Apple is planning to return to San Jose again in 2018, between June 4th and June 8th this time around.
First there was a listing on Amazon Germany , then this past weekend the game got rated by the South Korean Rating's Board . The GTA 5 Premium Edition features the base game as well as all the DLCs that have been released in the past four years.
I think this is the best way to help the Nigerian government to get these girls released, which we hope will be done peacefully. He said, "With regards to the kidnapped girls in Dapchi, it is incorrect to say we took a week to acknowledge.
Who else are you looking forward to seeing in future rounds? "We really just don't know where you fit in the music industry". He has an emotional backstory, but fails to immediately wow Perry and Richie with his rendition of James Bay's "Let It Go".
Besides its basic aesthetic appeal for some users, the reduced glare will make it much easier on the eyes at nighttime. To access it, you simply head to your account icon, hitting settings, and look for a setting called "Dark theme".
Dogs must be leashed during the event, but owners afterward may let their dogs run off leash in the 3-acre, fenced-in Bark Park. The bunny will be spreading 10,000 eggs filled with candy and toys across The Green to be hunted.
Cherry blossom peak bloom dates pushed back
The second annual Richmond Cherry Blossom Festival celebrates the arrival of Spring and blooming of the cherry blossoms. In Japan, cherry blossoms are known as sakura , which are a special flower to the people and the country.
Blues have the answers for Ducks in 4-2 victory
Ville Husso was recalled from San Antonio (AHL) under emergency conditions as Carter Hutton continues to deal with a neck injury. Getzlaf summarized the game against Dallas. "And I think we're doing that right now". "Special teams was the difference".
Death penalty to be sought for Nikolas Cruz
Borges' family has filed notice that they will sue Florida authorities to seek money to cover the cost of his recovery. The State filed notice in the Circuit Court of the 17th Judicial District on Tuesday, according to WSVN-TV.
Bills Could Change Pa. Abortion Law
Pennsylvania is already home to Chloe's Law, a measure named after high school student Chloe Kondrich, who has down syndrome. On Monday, she spoke out about a pair of bills being introduced in the legislature.