Wednesday, 4 April 2018

China's Meituan Dianping acquires bike-sharing firm Mobike for $2.7 billion


BEIJING: Meituan Dianping, China's largest provider of on-demand online services, is buying bike-sharing firm Mobike for $2.7 billion, in a deal that will intensify the rivalry of their common backer Tencent Holdings with Alibaba Group.

You can read more here: China's Meituan Dianping acquires bike-sharing firm Mobike for $2.7 billion

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