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February 20, 2017 10:20 am GMT

Temasek jumps into Chinas bike-rental startup war with investment in Mobike

Spin is trying to bring Mobike-style bike sharing to the US.Temasek, Singapore’s state-owned investment firm, hasjumpedinto China’s on-demand cycle war after it backed Mobike. China’s ride-sharing war is last year’s news. The big battle between Uber and Didi Chuxing is essentially over after the latter agreed to buy the former’s China-based business. The new startup drama du jour is in bikes— services that let… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YiCiMmdebxE/

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