China’s Mobike eyes Singapore launch after raising $309 mil in Tencent-led funding

SINGAPORE (Jan 5): China’s bike-sharing start-up Mobike announced it will be launching in Singapore in 2017, following the close of its US$215 million ($309 million) Series D financing round on Thursday.

The investment was led by Chinese internet giant Tencent and American private equity firm Warburg Pincus.

Existing investors such as Sequoia China and Hillhouse Capital were joined in this fourth round of funding by new investors including travel company Ctrip, private equity firm TPG, and hotel operator Huazhu Hotels Group.

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