Ofo, one of the two largest Chinese bike rental firms in China, is near a deal to sell itself to Chinese ride hailing firm Didi Chuxing at a much discounted price after suffering a slew of bad news. The two parties are still negotiating prices and the deal could fall apart, according to Chinese media reports citing insiders. Alibaba and its financial services arm Ant Financial are also potential acquirers of Ofo. The three companies did not immediately respond to …

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