Temasek invests in China's bike-sharing startup Mobike
Firm has raised over US$300 million since the start of the year and plans Singapore launch by March
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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.
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