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Posted inNews

Meituan acquisition of Mobike seems a done deal

Last night (03 Apr 2018), Mobike shareholder meeting voted in favor of the Meituan acquisition, The Beijing News has reported (in Chinese). The Chinese group buying site Meituan agrees to acquire the bike rental company Mobike for 35% in equity and 65% in cash, of which $320 million will be used for future liquidity needs. Details […]

Posted inNews

Messaging app LINE leads Mobike Japan A round

Mobike has announced that it is launching a strategic partnership with LINE Corporation, which operates the LINE messaging platform. The partnership includes LINE leading the A round of investment in Mobike Japan, the local subsidiary of the hire bike firm. LINE will have the largest minority stake at under 20%. Other investors in the A […]

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