China’s Didi, Ant Financial weigh joint US$2 billion Ofo buyout: source


Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to US$2 billion, according to a source with direct knowledge of the discussions. FILE PHOTO: Bicycles of bike-sharing company Ofo are seen on a vacant lot in Zhengzhou, Henan province, China May 20, 2018.



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