There is a huge battle in the market between various cities due to the concept of bike-sharing-dockless-bikesharing. This clash is over the latest wrinkle in urban bike-sharing – dockless bike sharing.
A big bet has been placed on Ofo. The Beijing based dockless bike-share company has raised around $580 million from Vcs at a post-money evaluation of north of $1 billion. The China-based investors are looking to add more value/money on the 3 year old company given its current momentum.
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