Chinese bike-sharing company Mobike has attracted $600m in its latest round of fundraising led by internet group Tencent, ratcheting up the stakes in the now-global battle playing out with Didi Chuxing-backed rival ofo.
Sequoia Capital, TPG and Hillhouse Capital, which had previously invested in the Beijing-based group, joined the round, according to a statement from Mobike.
The offshore units of state-controlled Bank of Communications and Industrial and Commercial Bank of China, as well as Singapore-based asset manager Farallon Capital, became new investors in the company.
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