Chinese bike-sharing company Mobike said it had raised over 600 million US dollars in its latest financing round.

 

中国摩拜单车表示，在最新一轮的融资中该公司已获资超6亿美元。

 

Its CEO and co-founder, Davis Wang, said the capital raised will help with the globalization of the company which plans to serve 200 cities worldwide by the end of this year.

 

Mobike is also planning to increase investment in 'Internet of Things' technologies and applications, as well as artificial intelligence and intelligent hardware, said Wang.

 

According to the Beijing News, the move broke the record of funding raised in a single financing round in bike-sharing industry.

 

The financing round was led by Chinese internet giant Tencent Holding, and involved existing investors¹ such as Sequoia², TPG and Hillhouse Capital, with investment banks BOCOM International Holdings Co Ltd, ICBC International Holdings Ltd and asset management firm Farallon Capital becoming investors for the first time.

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