By Chelsea Naso ( July 28, 2017, 6:51 PM EDT) -- Chinese startup Ofo, which offers a bike-sharing service, could raise $1 billion in a new funding round led by Japan's SoftBank Group, which would mark the largest fund-raising in China's bike-sharing space, Reuters reported Friday. Didi Chuxing, a ride-hailing service in China, may also join the financing round, the report said. Ofo and its rival, Mobike, have each raised about $1 billion since late last year as they look to expand. ...
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