Chương 340: Chapter 236 Internet Turmoil_3

Tong Zelan still made the trip; the ace project she had previously led an investment in was about to fail.

Although failure is all too common among investors, this project had received the most funding in the bike-sharing sector.

It also had the backing of big capital giants like Alibaba, Didi, and China Latitude, among others.

Being favored by so many major capitals, it was expected to become the next big player.

At the very least, one would expect it to ultimately make it to a merger!

The essence of bike-sharing is to solve the last-mile transportation problem for customers.

The investment cost per bike is not high, and the companies hold a large amount of customer deposits.

Just because of this, over twenty new bike-sharing brands sprouted up in the market within a year.

In the past two years under Tong Zelan's leadership, Ofo had become the first to brave this path.

The company had received at least five rounds of financing totaling around 1.3 billion US Dollars.