Why bike-sharing is nothing like ride-sharing By Jeffrey Towson Chinese bicycle-sharing apps Mobike and Ofo have caused quite a stir recently.Tencent and private equity firms Warburg Pincus and Sequoia Capital participated in a$100-million funding round for Shanghaibased Mobike.And,Xiaomi,Citic PE and Coatue Management similarly pumped $130 million into Beijing-based Ofo,in which China’s dominant ride-hailing service provider Didi Chuxing is also,reportedly,an investor.
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