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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

Published Mon, Feb 20, 2017 · 09:50 PM
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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+ rou…

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