Hillhouse Joins $100M Series C Round In Mobike As Bike Sharing Battle Heats Up

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Shanghai-based bike sharing mobile app Mobike has raised over US$100 million in a new round of financing led by Hillhouse Capital and Warburg Pincus, a few days after Didi Chuxing invested tens of millions of U.S. dollars in rival start-up ofo, signaling the pair are ready to embark on an intensive battle to grab market share.

China Money Network

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