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New China’s startup boom pays off


A cycle in the park: A file photo of Mobikes bicycles with snazzy orange wheels. Food delivery giant Meituan has recently agreed to acquire the startup. — AFP

A cycle in the park: A file photo of Mobikes bicycles with snazzy orange wheels. Food delivery giant Meituan has recently agreed to acquire the startup. — AFP

A crazy idea led this former journalist to a US$3bil buyout

IT SEEMED like a nutty idea at the time – and it still does.

SME , China , startup , Mobike

   

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