Bike-sharing startup Mobike has stuffed its coffers with additional funds that it can use to further gain control of the booming bike-sharing sector, after talks of a merger with key rival Ofo were abandoned.
A Caixin Global report said the dockless Shanghai-headquartered bike-sharing company secured close to $1 billion in its latest fundraising round from still unidentified investors, further raising Mobike’s valuation, which has been skyrocketing.
