BEIJING - China’s largest on-demand online service provider Meituan will buy top bike-sharing firm Mobike in a deal that will intensify the rivalry between their common backer Tencent Holdings and Alibaba Group.
The move also further extends Meituan’s reach in the shared mobility sector after its recent foray into ride hailing.
TO READ THE FULL ARTICLE
Thank you for reading The Straits Times
You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.
What is Premium?