BREAKING: China's bike sharing unicorn Mobike was acquired by Chinese tech giant Meituan Dianping

tmtpost

tmtpost

· 2018.04.04

Mobike's founding team and its Series A & Series B investors will get USD 750 million.

(Chinese Version)

According to The Beijing News on April 3rd, China's bike sharing unicorn Mobike held a board meeting and approved the acquisition by Chinese tech giant Meituan Dianping.

Insiders revealed that Meituan acquired Mobike by 35% using its stake and 65% in cash, among which USD 320 million will be used to increase liquidity. Mobike's founding team and its Series A & Series B investors will get USD 750 million. China's ride haling giant Didi Chuxing had also offered to invest in Mobike, but failed to make an agreement.

“Instead of losing all the investment, I am comforted that actually we have made slight profitability," said Wang Xiaofeng, CEO of Mobike, at the board meeting, source from Yicai.com.

Wang said that Mobike team had made many mistakes in the past. He himself had always insisted on Mobike's independent developing. However, startups can never avoid compitition from tech giants in China. "Many shareholders asked for my advice. To be frank, if Mobike had developed independently, there would be a lot of chances for it as well as challenges. However, I had no choice… I had to trust that the investment institutions have their own assessment for the business," shared by Wang.

One source told TMTpost that Mobike’s founding team will not leave the company.

Hu Weiwei, founder of Mobike, commented on her personal WeChat "It is a new start for me. Many people thinks that Mobike only provides a traveling tool. Actually I always say that it represents 'a wonderful life style' about simplicity, essence, health, and not too much material life. "Live better" is also Meituan Dianping's vision. At this point, we have a great potential to cooperate."  (Hu attached a song named "The Beginning Of The End" by Nine Inch Nails with her above comments on Wechat.) 

本文系作者tmtpost授权钛媒体发表,并经钛媒体编辑,转载请注明出处、作者和本文链接
想和千万钛媒体用户分享你的新奇观点和发现,点击这里投稿 。创业或融资寻求报道,点击这里

敬原创,有钛度,得赞赏

”支持原创,赞赏一下“
钛粉02929 Kris00135 钛粉88011 钛粉39442 在天空中自由翱翔的百灵鸟 在天空中自由翱翔的百灵鸟
392人已赞赏 >
392换成打赏总人数392人赞赏钛媒体文章
关闭弹窗

挺钛度,加点码!

  • ¥ 5
  • ¥ 10
  • ¥ 20
  • ¥ 50
  • ¥ 100

支付方式

确认支付
关闭弹窗

支付

支付金额:¥6

关闭弹窗
sussess

赞赏金额:¥ 6

赞赏时间:2020.02.11 17:32

关闭弹窗 关闭弹窗

Oh! no

您是否确认要删除该条评论吗?

注册邮箱未验证

我们已向下方邮箱发送了验证邮件,请查收并按提示验证您的邮箱。

如果您没有收到邮件,请留意垃圾邮件箱。

更换邮箱

您当前使用的邮箱可能无法接收验证邮件,建议您更换邮箱

账号合并

经检测,你是“钛媒体”和“商业价值”的注册用户。现在,我们对两个产品因进行整合,需要您选择一个账号用来登录。无论您选择哪个账号,两个账号的原有信息都会合并在一起。对于给您造成的不便,我们深感歉意。