Meituan rumored to buy bike sharing firm Mobike for $3.7 billion
Chinese group-buying services firm Meituan Dianping is reportedly in talks to buy bike sharing firm Mobike for $3.7 billion, according to Chinese media reports citing insiders.
Meituan is rumored to buy Mobike for USD 3.7 billion, including the assumption of debt of US$1 billion, according to the reports.
Both Meituan and Mobike did not respond inquiries from China Money Network to confirm the news. Insiders say that the two parties are likely to announce the deal soon, but the talks could still fall apart.
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