China tech giants bet on 'Uber for bikes' in hunt for next unicorn

China tech giants bet on 'Uber for bikes' in hunt for next unicorn

A tourist from Singapore (L), who is the first user of the car sharing service supported by Uber in Kyotango, waves from the car in Kyotango, Kyoto prefecture, Japan May 26, 2016. REUTERS/Junko Fujita

China’s tech industry giants are sloughing hundreds of millions of dollars into what they’re betting will be the country’s next big internet craze – ‘Uber for bikes’.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter