Meituan Dianping to acquire bike-sharing giant Mobike for $2.7b

Photo: Reuters

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.

Continue reading this story with a subscription to DealStreetAsia.


Contact us for corporate subscriptions at