• Chinese bike sharing sharing startup Ofo has reportedly raised $1 billion

    9 days ago - By Chron

    Kevin Frayer/Getty Images
    Chinese bike-sharing startup Ofo has raised $1 billion from investors, according to a report in The Financial Times on Thursday.
    The Beijing headquartered company reportedly raised the money from Alibaba, which is sometimes referred to as the "Amazon of China," and others.
    Ofo declined to comment.
    Ofo was founded in 2014 by five Peking University students. The company's bright yellow bikes can be accessed via an app that uses a bluetooth connection to unlock them. They cost 50p for 30 minutes and can be picked up and dropped off anywhere that bike parking is...
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  • Honda is working with Chinese AI unicorn SenseTime on self-driving car tech

    Honda is working with Chinese AI unicorn SenseTime on self-driving car tech

    9 days ago - By Tech Crunch

    Honda is putting the focus on artificial intelligence after it announced a partnership with SenseTime, a Chinese startup valued at over $1 billion, that will power its autonomous cars of the future. SenseTime, which raised a $410 million funding round this past summer and counts Qualcomm among its investors, is particularly well known for its object recognition technology which has been used...
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  • Chinese bike sharing sharing startup Ofo has reportedly raised $1 billion

    Chinese bike sharing sharing startup Ofo has reportedly raised $1 billion

    9 days ago - By Business Insider

    Chinese bike-sharing startup Ofo has raised $1 billion from investors, according to a report in The Financial Times on Thursday.
    The Beijing headquartered company reportedly raised the money from Alibaba, which is sometimes referred to as the "Amazon of China ," and others.
    Ofo did not immediately respond to Business Insider's request for comment.
    Ofo was founded in 2014 by five Peking University students. The company's bright yellow bikes can be accessed via an app that uses a bluetooth connection to unlock them. They cost 50p for 30 minutes and can be picked up and dropped off anywhere...
    Read more ...