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Tencent, Warburg lead US$215m funding round for China's Mobike

Mobike is among the largest of a growing crop of private bike-sharing operators, known for its distinctive orange-hued and GPS-equipped bikes.


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...

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