Mobike, Ofo investors 'in early talks' to merge China startups

Hong Kong

MOBIKE and Ofo investors are in early talks to push China's two largest bike-sharing startups into a merger, aimed at ending a costly competitive battle and creating a single dominant player in the fast-growing business, according to people familiar with the matter.

Investors in both companies have been holding talks to sort through issues such as how to split equity as a precursor to getting the companies to the table for negotiations, said the people, asking not to be identified because the matter is private.