The corporate has agreed to acquire Mobike, backed by Temasek, for $2.7bn.

Local services platform Meituan-Dianping has agreed to purchase China-based bike rental service Mobike for $2.7bn, according to TechCrunch. The transaction was initially reported by Caixin. Several Chinese media reports had suggested Meituan-Dianping was going to pay $3.7bn, but Caixin cited an unnamed source as saying that the figure is incorrect. The transaction was reportedly being…

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