Existing users will be able to get a refund of their deposits as the company’s service also gets integrated
With a different spin as tough local regulations rein in the roll-out of dockless bikes
Ofo and rival Mobike are the two biggest Chinese companies offering bike-sharing services
The company has operations in around 100 Chinese cities and has raised over $900 million since October
With the latest injection the firm has raised over $900 million since October
Beijing plans to limit total number of shared bikes
Tim Cook's visit comes amid a fierce contest among China's bike-sharing start-ups
Investment group DST Global, ride-hailing giant Didi Chuxing and CITIC's private equity arm were among investors