The bicycle rental service, which was spun off by Didu Chuxing, is reportedly to close a $600m series B round alongside $400m in debt financing.
China-headquartered ride hailing service Didi Chuxing’s bicycle sharing subsidiary, Qingju, is set to complete a $600m series B round, 36Kr reported on Friday, citing people familiar with the matter.
The equity funding is being raised alongside $400m in debt financing, though the prospective participants in the round have not been named.
Qingju operates a service spanning 200 Chinese cities that allows users to rent bicycles and electric bikes through its mobile app. It was launched in 2018 and integrated Didi’s…
