Taiwan’s Foxconn invests in PE-backed Mobike
Taiwan-based Foxconn Technology Group has made a strategic investment in Mobike, a Chinese bike rental service start-up backed by several PE investors including Warburg Pincus.
Financial terms of the transaction were not disclosed. Foxconn will become an exclusive manufacturing partner to Mobike, with a view to raising the company's total production capacity from the present...
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