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Meituan Bike
About
Meituan Bike (formerly Mobike) is a Chinese fully station-less bicycle-sharing system.
- 1001 - 5000
Details
- Last Funding Type
- Corporate Round
- Industries
- Apps,Customer Service,Cycling,Last Mile Transportation,Ride Sharing,Transportation
- Founded date
- Jan 27, 2015
- Number Of Employee
- 1001 - 5000
- Operating Status
- Active
Meituan Bike (formerly Mobike) is a Chinese fully station-less bicycle-sharing system. It develops mobile apps for users to find and use bicycles to travel anywhere. Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping founded Mobike on January 27, 2015, with its headquarters in Beijing, China. Mobike raised $600 million in Series E funding led by Tencent, bringing the firm's fundraising in 2017 alone to nearly US$1 billion in June 2017. It became worth US$3 billion in the same month. Chinese web company Meituan-Dianping acquired Mobike for US$2.7 billion in April 2018. Parent company Meituan-Dianping announced name change from Mobike to Meituan Bike on January 23, 2019 as part of an ongoing integration.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Dec 19, 2017 | Corporate Round | — | 1 |
Line
|
— | Detail |
| Jun 15, 2017 | Series E | $600M | 1 | — | — | Detail |
| Jan 23, 2017 | Funding Round | — | 1 |
Foxconn Technology Group
|
— | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Line
|
Yes | Corporate Round |
|
Foxconn Technology Group
|
Yes | Funding Round |
TPG
|
— | Series E |
