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

Read this article for free.

Already a subscriber? Log in here

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?

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.

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

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

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

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

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

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

Org Charts

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

Slack community

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

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

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

Startups Markets

Tech Founders Cede Some Power to Shareholders

By Alfred Lee

Asia Google E-commerce

A Google Diaspora Shapes China’s Tech Scene

By Shai Oster

Venture Capital Startups

The ‘Philosophical Recession’ Hanging Over Tech Startups

By Aaron Tilley

Venture Capital Uber/Lyft Markets

Tech IPO Mania? Not So Fast.

By Jessica E. Lessin

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.