China-based online-to-offline bike sharing platform Ofo has completed a US$130 million Series C round across two tranches. China-based ride-hailing app operator Didi Chuxing led the initial tranche, while U.S.-based alternative investment fund manager Coatue Management, China-based smart phone maker Xiaomi, private equity firm CITIC Private Equity and venture capital firm Shunwei Capital Partners led the second tranche. Venture capital firms Matrix Partners, GSR Ventures and Vision Plus Capital and individual investor Yuri Milner also participated in the round. Ofo plans to use the new capital to expand its team and improve its hardware and software.