The online financial services provider has joined an shareholder base that already includes Didi Chuxing to invest an undisclosed sum in the bike sharing company.
Ant Financial, the financial services affiliate of e-commerce group Alibaba, has invested an undisclosed amount in China-based bicycle sharing service Ofo, China Money Network has reported.
Ofo runs an app-based bicycle rental service that enables users to unlock the bikes using their smartphones, and is one of several rival companies that have taken in considerable amounts of funding in the sector over the past year.
Investment firm DST Global led a $450m series D round for Ofo a few…
