Warburg Pincus, Tencent lead $215m round for China's Mobike
Chinese bike-sharing start-up Mobike has received $215 million in Series D funding, led by domestic internet giant Tencent Holdings and Warburg Pincus. The company now claims to be the best funded participant in its industry globally.
Tencent and Warburg Pincus led Mobike's Series C round - said to be worth more than $100 million - in October of last year, alongside Hillhouse Capital. Hillhouse and Sequoia are among a number of investors...
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