Chinese ecommerce giant Meituan-Dianping to acquire bike-sharing startup Mobike
Fledgling bike-share startup Mobike is to be acquired by Chinese ecommerce giant Meituan-Dianping. Terms of the deal were not officially disclosed, but local media reports have pegged the value of the transaction at $2.7 billion. Launched in Shanghai back in 2016, Mobike rolled out to dozens of …
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