Tencent co-led the bicycle sharing platform's second nine-figure round in under six months, which included fellow corporates Ctrip and Huazhu Hotels.
China-based bicycle sharing startup Mobike has secured $215m in a series D round co-led by internet company Tencent and private equity firm Warburg Pincus, Reuters reported yesterday.
Online travel agency Ctrip and hospitality group Huazhu Hotels also took part in the round, as did private equity firm TPG Capital, hedge fund Hillhouse Capital and venture capital firm Sequoia Capital.
Mobike runs a bicycle sharing service that works along similar lines to ride hailing platforms like Uber or Didi Chuxing, allowing…
