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Ofo and Mobike aren’t doing so well in Singapore

China’s fast-expanding bike-sharing startups ofo and Mobike both expanded to Singapore earlier this year, but it turns out that the local bike rental operator oBike is winning the local game. Ofo officially launched its service in Singapore this February and saw a surge in the number of users, making it the fifth most downloaded app […]

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China’s bike rental consolidation begins with reported Mobike acquisition of Unibike

Tencent Tech (in Chinese) is reporting that China’s top bike rental startup Mobike has recently completed the acquisition of smaller player Unibike, citing people familiar with the matter. The source didn’t specify the sum for this acquisition but pointed out that Mobike is also an investor in their RMB 100 million (around US$ 14.6 million) Series A. “The […]

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[Op-Ed] Taking a ride with Mobike outside of China

Editor’s note: This op-ed was contributed by Tay Choon Chong, Managing partner of Vertex Ventures. Vertex Ventures China invests in high-growth internet and technology start-ups across mainland China and provides funding support and value-add services to portfolio companies in their growth stage. With Mobike launching in Singapore, it’s first market outside of China, we thought […]

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Mobike joins ofo in Singapore with official launch

Months after dropping a hint for taking its services to overseas market, China’s top bike-rental startup Mobike announced today the launch of its hugely popular bike-sharing service in Singapore, the first stop of Mobike’s global expansion. Mobike’s operation in Singapore features its typical scan-and-go service. Singapore residents can now ride a Mobike by downloading the […]