Mobike has broken from the crowded peloton of Chinese bike-sharing services, raising $215m in the latest funding round supporting the craze in big cities.
The world’s most popular bike-sharing company by app downloads was backed by domestic tech giant Tencent and American private equity firm Warburg Pincus, as lead investors in its fourth big round.
Mobike is gearing up for a showdown with its main rival ofo — so-called because the name looks like a bicycle — which raised $130m in third-round funding last October.
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