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Pedal power

5 Dec 2017 By Pete Sweeney

Having invested in bike-sharing giant Ofo, Alibaba affiliate Ant is putting another $300 mln into rival Youon. That’s 80 mln potential users to lock into Ma’s Alipay system. The move reflects rising stakes in a cutthroat battle with Mobike, backed by payments rival Tencent.

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