The bicycle sharing platform raised the funding in a round that included an eight-figure investment by Didi Chuxing and reportedly a contribution from Xiaomi.

China-based bicycle hire service Ofo has raised $130m in a series C round featuring ride hailing platform Didi Chuxing, China Money Network reported today.

The round included Citic Private Equity, a subsidiary of investment management firm Citic Capital, as well as hedge fund Coatue Management, Vision Plus Capital, Matrix Partners China, GSR Ventures, angel investor Yuri Milner and, according to Shanghai Daily, smartphone maker Xiaomi.

Ofo which was founded in 2014 and incubated at Peking University, is an app-focused bike…