Tencent, Warburg lead US$215m funding round for China's Mobike
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Beijing
TENCENT Holdings Ltd and Warburg Pincus led a US$215 million round of funding for year-old Beijing startup Mobike, ratcheting up the competition in China's burgeoning urban bicycle-sharing scene.
The round brought in a clutch of new, influential names including private equity firm TPG Capital, Chinese travel service Ctrip.com International Ltd and Huazhu Hotels Group.
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