Chinese e-commerce giant Meituan has bought Chinese dockless bike hire firm Mobike for an undisclosed sum. Mobike now operates in more than 200 cities across 15 countries. Meanwhile, Meituan recently launched ride-hailing services in Nanjing and Shanghai. Bike hire will continue to operate under the Mobike brand. The Financial Times reports that Meituan was valued at $30bn last year and CBInsights valued Mobike at $3bn. Both firms are backed by technology group Tencent....
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