Caixin
Jun 16, 2017 07:10 PM
BUSINESS & TECH

Mobike Fills Its Baskets With $600 Million in Latest Fundraising Push

Mobike has announced $600 million in new funding as it prepares for the next stage of an intense bike-sharing battle in China and cities beyond. Photo: IC
Mobike has announced $600 million in new funding as it prepares for the next stage of an intense bike-sharing battle in China and cities beyond. Photo: IC

(Beijing) — Mobike has pedaled off with a new $600 million to line its war chest in preparation for the next stage of an intense bike-sharing battle in China and cities beyond.

Its dizzying pace of financing makes the firm — whose orange and silver bikes put side-to-side would line a sidewalk the length of Taiwan’s coastline — one of the most efficient companies in luring private capital.

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