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China"s Didi, Ant Financial weigh joint $2 bln Ofo buyout: source

Chinese ride-hailing giant Didi Chuxing and Alibaba's Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions......»»

Category: topSource: reutersAug 3rd, 2018

Electric bike-sharing startup Wheels raises $50 million in latest funding round

Electric bike-sharing startup Wheels said it has raised more than $50 million in its latest funding round led by venture capital firm DBL partners, as the company looks to expand into the U.S. and international markets......»»

Category: topSource: reutersOct 15th, 2019

China"s MoBike shutting some international operations

Chinese bike-sharing startup Mobike is shutting down operations in Australia and South and Southeast Asia, months after rival Ofo began winding down its international division......»»

Category: topSource: foxnewsMar 11th, 2019

A startup born at MIT just got $16 million to build better hardware for bike and scooter sharing

Superpedestrian Superpedestrian, a startup born out of MIT, has raised $16.5 million in funding from top-tier venture.....»»

Category: topSource: businessinsiderMay 23rd, 2018

Unicorns on Scooters: Another E-Scooter Sharing Startup Is Eyeing the $1 Billion Club

Like Bird, its main rival, Lime is raising money at a valuation of $1 billion. Lime, the bike and scooter sharing company, is raising about .....»»

Category: europeSource: fortuneJun 6th, 2018

Chinese bike-sharing startup Ofo is scaling back its US ambitions

Chinese bike-sharing startup Ofo is backpedaling on its US business......»»

Category: topSource: cnnJul 19th, 2018

Here’s Why the Chinese Bike-Sharing Startup Ofo Slammed the Brakes in the U.S.

Facing strict regulations abroad, Ofo has scaled back its plans for global expansion. Ofo, on.....»»

Category: europeSource: fortuneJul 26th, 2018

Chinese bike-sharing startup Ofo considering bankruptcy: Financial Times

Chinese bike-sharing startup Ofo, backed by Alibaba Group Holding Ltd , has "immense" cash flow problems and has considered applying for bankruptcy, the Financial Times reported on Wednesday......»»

Category: topSource: reutersDec 19th, 2018

China bike-sharing firm Ofo faces "immense" cash crunch, CEO vows to battle on

Chinese bike-sharing startup Ofo, backed by Alibaba Group Holding Ltd , is battling "immense" cash flow problems and disbanding the firm has been considered as an option, its chief executive said in a letter to employees......»»

Category: topSource: reutersDec 20th, 2018

Bike-sharing firm Ofo"s dramatic fall a warning to China"s tech investors

On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair - chains unhooked, wheels buckled and paint starting to fade - reflecting the quick rise and sharp fall of the Chinese bike-sharing startup......»»

Category: topSource: reutersDec 24th, 2018

WeWork discloses $3.2B loss in 2020 as it seeks SPAC deal

WeWork lost $3.2 billion last year, according to documents shown to prospective investors by the office-sharing startup as apart of a pitch for $1 billion in investment and a stock market listing, the Financial Times reported on Monday......»»

Category: topSource: foxnewsMar 22nd, 2021

WeWork co-founder Neumann sues SoftBank over failed tender offer

WeWork co-founder Adam Neumann filed a lawsuit against Japan's SoftBank Group Corp and its Vision Fund on Monday for terminating a $3 billion tender offer to the office-sharing startup's shareholders......»»

Category: topSource: reutersMay 4th, 2020

SoftBank sees wider loss of $8.4 billion on WeWork write-down

SoftBank Group forecast a for the fiscal year ended in March, adding $1.4 billion to its prediction from just two weeks ago because of deeper difficulties at the office-sharing startup The Japanese... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 2nd, 2020

New company tops list of largest commercial property owners

SoftBank Group forecast a for the fiscal year ended in March, adding $1.4 billion to its prediction from just two weeks ago because of deeper difficulties at the office-sharing startup The Japanese... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 30th, 2020

SoftBank sees wider loss of $8.4 billion on WeWork writedown

SoftBank Group forecast a for the fiscal year ended in March, adding $1.4 billion to its prediction from just two weeks ago because of deeper difficulties at the office-sharing startup The Japanese... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 30th, 2020

WeWork special committee files lawsuit against SoftBank after tender offer falls through

The special committee on the board of The We Company, which operates office-sharing startup WeWork, filed a lawsuit against its largest shareholder SoftBank Group Corp on Tuesday, challenging its decision to terminate a $3-billion tender offer......»»

Category: topSource: reutersApr 7th, 2020

Magic Leap, the hyped-up smart-glasses startup that raised over $2.6 billion from investors like Google, is reportedly exploring a sale (GOOG, GOOGL)

Getty Magic Leap, a much-hyped augment.....»»

Category: topSource: businessinsiderMar 11th, 2020

WeWork says to become free cash flow positive by 2022

Office sharing startup WeWork on Tuesday brought forward its target for becoming free cash flow positive by a year to 2022 and said it expects to post its first ever $1-billion revenue quarter this year......»»

Category: topSource: reutersFeb 11th, 2020

Chinese office-sharing startup Ucommune files for IPO

Chinese office-sharing company Uc.....»»

Category: topSource: marketwatchDec 11th, 2019

Former Uber CEO Travis Kalanick has reportedly raised $400 million from Saudi Arabia for a new startup. Here’s how he spends his $3.2 billion fortune, from a $36.4 million penthouse to a year-long trip around the world. (UBER)

Reuters Travis Kalanick, Uber's ousted founder, w.....»»

Category: topSource: businessinsiderNov 8th, 2019