bike-sharing

(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 (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.