Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
On January 4, Mobike announced that it had completed a new round (round D) of equity financing and had raised US$0.215 billion. The lead investors include Tencent (China’s largest Internet Service Portal) and Warburg Pincus (a leading global private equity firm). The strategic and financial investors include Ctrip, China Lodging Group, TPG and others, while the current shareholders like Sequoia Capital and Hillhouse Capital have also co-invested in this round of financing. The full-service investment bank China Renaissance will provide an exclusive financial consulting service for Mobike in the bike sharing industry.
Wang Xiaofeng, the CEO of Mobike, has indicated in an interview that the company has created the smart bike model, which has a significant social benefit, and is quite helpful in alleviating traffic congestion and smog in cities.
Wang Xiaofeng also says that Tecent, Ctrip and China Lodging Group are all Internet giants with enormous local resources, government connections, mobile payment & map applications. These will greatly improve Mobike’s business development if applied to Mobike.
Mobike will continue to bring in more strategic investors in the future. After completing this round of investment, they will further develop the domestic bike sharing market, as well as expanding into foreign markets.
Source: Baidu Baijia, NetEase
Proofread by Sean O Diobhilin
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Related coverage
Tianjin corporation to invest 500 million into sports industry
18 Jun 2015
Lander Sports in Southampton takeover?
04 Nov 2016
Wanda bring UCI World Tour back to China
02 Dec 2016
Suning and Evergrande in talks with Stellar Group
02 Jun 2016
17 receives US$23m from LeSports
09 May 2016
More from Yutang Sports
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Interview with Thomas Lund: to follow new trends and bring younger generations to the sport
17 Jun 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
Yutang Sports
loading...