Sign up to receive 5 free days of our daily summary for tech news.

Special Offer: Try out The Information today for only $10/month for your first 3 months. 
Asia Uber/Lyft

SoftBank May Invest in Chinese Bike Rental Firm Ofo

Masayoshi Son’s SoftBank Group is in talks to invest in Chinese bike rental firm Ofo, people familiar with the matter said, the latest sign of how the hugely popular bike-sharing business in China is drawing big name investors.

Ofo’s backers already include Chinese e-commerce company Alibaba Group, ride-sharing giant Didi Chuxing and venture capital firm DST Global. Just last week, Beijing-based Ofo announced a $700 million funding round led by Alibaba and two Chinese private equity firms. That round valued Ofo at about $3 billion, according to a person familiar with the fundraising. Any SoftBank investment would be in addition to last week’s round.  

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Uber/Lyft

Uber Chairman Warns Directors of Duties as Kalanick Hires Uber Staff

By Amir Efrati

Uber/Lyft

Food Delivery, Foreign Markets Weigh on Uber Results

By Amir Efrati

Startups Markets E-commerce

Postmates Ad Spending Surges Ahead of IPO

By Priya Anand

Asia Markets E-commerce

JD.com Joint Venture in Talks to Raise $500 Million in U.S. IPO

By Yunan Zhang and Shai Oster

By the end of 2017, for instance, Ofo plans to deploy 20 million bikes in 200 cities in 20 countries across the globe, according to the company.