Singapore

CHINA'S smart bike-sharing company Mobike said it has received new strategic investments from Singapore's state-owned investor Temasek Holdings and China-focused Hillhouse Capital. This brings the total funds raised by Mobike since the start of the year to over US$300 million.

Temasek's equity investment marks its first direct investment in Mobike after its subsidiary Vertex Ventures led Mobike's Series B+ round in 2016. It also came on the back of Temasek's earlier investments into China's dominant ride-hailing firm Didi Chuxing and global home-sharing platform Airbnb as it taps the rising trend of the sharing economy.