China: Ubike joins bike-sharing biz bandwagon, raises $22m

China: Ubike joins bike-sharing biz bandwagon, raises $22m

A recently founded startup Ubike has joined the bike sharing bandwagon in China, raising $22 million (RMB150 million) in a Series A round led by a unit of Shenzhen-listed chemicals and trading firm Jiangsu Huaxicun Co Ltd.

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