Mobike

SINGAPORE (June 29): Mobike is renouncing its one-time deposit of $49 for its existing and new users in Singapore, specifically those who register or have registered for a Mobike account using phone numbers with the prefix +65.

(Apr 4): Meituan Dianping, the Chinese food review and delivery giant, is close to acquiring Mobike in a deal that will value the three-year-old bike-sharing startup at about US$3 billion ($3.9 billion), according to people familiar with the matter.

SINGAPORE (Mar 9): Grab is making its first move to take over the bike-sharing market. It is due to launch GrabCycle Beta by mid-2018 as a digital platform that allows consumers to rent bicycles or scooters from oBike, GBikes, Anywheel and Popscoot.

SINGAPORE (March 21): China’s bike-sharing war will spread beyond the country this year with Mobike planning to more than triple its coverage to more than 100 cities globally before the end of 2017.

SINGAPORE (Feb 20): Mobike has received new strategic investment from state-owned investment holding firm Temasek, in addition to that of existing investor Hillhouse Capital, a China investment firm.

SINGAPORE (Jan 5): China’s bike-sharing start-up Mobike announced it will be launching in Singapore in 2017, following the close of its US$215 million ($309 million) Series D financing round on Thursday.