A Chinese bike-sharing startup is launching in the UK after raising $600 million

Jun 19, 2017 · businessinsider.com

Mobike

Mobike, a Chinese bike-sharing startup, has raised $600 million (£470 million) ahead of an expansion to the UK, according to Reuters.

Mobike raised the latest round from Chinese internet giant Tencent and renowned Silicon Valley tech investment firm Sequoia Capital, as well as a number of other investors.

Total funding in the Beijing-based company now stands at $925 million (£725 million), according to Crunchbase.

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