Meituan-Dianping to buy large stake in Chinese bike-sharing major Mobike

FILE PHOTO: A Mobike sign is seen in Guangzhou, Guangdong Province, China, October 8, 2016. REUTERS/Stringer/File Photo

China’s largest provider of on-demand online services, Meituan-Dianping, is buying a large stake in bike-sharing firm Mobike, business magazine Caixin reported on Tuesday citing unnamed sources.

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