MoBike bicycle is seen in Guangzhou, Guangdong province. — Reuters
China’s tech giants are betting on ‘Uber for bicycles’ as they hunt for the next unicorn, with Xiaomi, Tencent and Didi among investors that are pumping funds into bicycle-sharing apps operators MoBike and ofo.
CHINA’S tech industry giants are ploughing hundreds of millions of dollars into what they’re betting will be the country’s next big internet craze — Uber for bikes.
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