Temasek invests in China’s bike-sharing startup Mobike
Chinese bike-sharing firm Mobike announced that it has received funding round backed by Temasek and Hillhouse Capital. The startup said that it has raised over USD 300 million so far in 2017.
Chinese bike-sharing firm Mobike announced on February 20 that it has received funding ahead of its launch in Singapore, reported TechInAsia.
The latest investment is from Singapore’s Temasek, a state-owned sovereign wealth fund making its maiden investment in the Chinese team, and return investor Hillhouse Capital.
The amount was undisclosed, but the startup said that it has raised over USD 300 million so far this year.
The startup is set to roll into Singapore before the end of March.
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