Alibaba hitches a ride on Gobee series A

Aug 7, 2017 • Thierry Heles

Gobee.Bike has raised $9m in capital to add several thousand bicycles to its network as it seeks to expand across Hong Kong, and internationally.

China-based ride-sharing service Gobee.Bike has raised $9m in a series A round backed by Alibaba Hong Kong Entrepreneurs Fund, an investment vehicle for e-commerce group Alibaba, South China Morning Post has reported.

The series A round was led by venture capital firm Grishin Robotics. VC firm Swiss Founders Fund led a seed round of undisclosed size in April 2017, with participation from Cocoon Ignite Ventures and assorted angel investors.

Gobee.Bike allows users to rent bicycles in several districts of Hong…

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