chinese jewelry wholesale Is OFOE2-2 round financing on the road?

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1 thought on “chinese jewelry wholesale Is OFOE2-2 round financing on the road?”

  1. samuel b wholesale jewelry Recently, the shared bicycle platform of OFO Xiaoshuang announced the completion of E2-1 round financing of US $ 866 million, which was officially stamped by the new round of financing in OFO, which was passed on by the end of last year.
    The funds that come at the end of the winter are undoubtedly good news for ofo. More importantly, this money may be about to change the original bicycle sharing bureau that was not clear, even frustrated.
    Ixin, Yu Xin, the co -founder and member of the board of directors of OFO, told 36 氪 that in this financing of $ 866 million, including OFO's previously exchanged for two real estate mortgage methods, there was a total of 1.77 billion yuan, and it was also. Including equity financing, "new shares, old shareholders". Yu Xin said, "I saw an article in these two days that our rounds were all debt financing, but in fact it was not the case."
    36 氪 learned from a person familiar with the matter that ofo will have a new financing in the near future. In this regard, the letter confirmed that the new financing has indeed been planned, "it should not wait too long."
    Prive media reports that OFO's early investor Zhu Xiaohu had signed the agreement in December last year. With a valuation of 3 billion US dollars, Zhu Xiaohu sold OFO's shares to Alibaba and Didi. The previous news that 36 氪 got was that Zhu Xiaohu had indeed withdrawn, but it was to Ali and Didi, respectively. This point did not deny.
    Mi previous news said that ofo wanted to wash off the control of Didi by getting Ali's financing. In this regard, the letter denied the statement, "We have never had such an idea and plan." Di is an important shareholder of OFO. Alibaba is also an important shareholder of our shareholders. All shareholders are important to us. "
    Ixin said that after the financing was announced, ofo was questioned by financing fraud. "There is nothing to question. After this financing, Ali (Canadian Ant) became the second largest institutional shareholder."
    Is what will this money use after getting new financing? 36 氪 learned that unlike last year's radical car construction, this year ofo will take efficient operations as a strategic priority, and part of the new financing will be used as an update iteration in the vehicle. "Ofo has developed to the third year now. There will be a car to start scrapped, so we will replace them with a new car next. " Yu Xin said that in profit collection, this year's average revenue and average costs will become two key assessment indicators of OFO.
    In addition, OFO will still take overseas markets this year, which also means that ofo will continue to increase the layout in overseas markets.

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