CathayAssociates Kejie advised Hong Dao Capital on its investment in OFO SHARINGBICYCLE series Pre-A financing.

Recently,start-up project OFO SHARING BICYCLE, initiated by Peking University students,annocunced that it had obtained 9 million of RMB investment on its series Pre-Afinancing from Hong Dao Capital and Will Hunting Capital.

OFOSHARING BICYCLE devotes itself to bicycle sharing.  It started its experimental test in PekingUniversity in September, 2015, and replicated the project to Renmin Universityof China, Beijing University of Aeronautics and Astronautics, Beijing NormalUniversity and other universities in Beijing in November, 2015.  Now it has covered more than 20 universitiesin Beijing and has served nearly 1 million university teachers and students,with over 1.5 million orders.

Thelegal services provided by Cathay Associates Kejie for Hong Dao Capital on itsseries Pre-A investment in OFO SHARING BICYCLE included, among others, (i)drafting and revising the transaction documents; (ii) participating in thecommercial and legal negotiations.

CathayAssociates Kejie team is led by partner Fred Hao and includes Liu Xiayi, HeYuting and Cui Ying.