Unicorn Ofo Rumored To Exaggerate Fundraising Size

March 07, 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