Last deal

Amount

Series E

Stage

30.08.2018

Date

3

all rounds

$828M

Total amount

date founded

Financing round

General

About Company
Meituan Bike is a Chinese bike-sharing system that allows users to find and use bicycles through mobile apps.

Industry

Sector :

Subsector :

Keywords :

Also Known As

摩拜单车, Mobai Danche, Mobike

founded date

27.01.2015

Number of employees

Company Type

For Profit

Last funding type

Series E

IPO status

Private

Description

The company was founded in 2015 and raised $600 million in Series E funding in 2017, becoming worth $3 billion. Meituan-Dianping acquired the company for $2.7 billion in 2018 and changed its name to Meituan Bike in 2019. Meituan Bike provides fleets of bicycles for shared biking services equipped with smart locks that can be reserved through a mobile phone application. The company operates in over 200 cities worldwide and has over 200 million registered users.
Contacts

Contact Email

Phone number

Social url

Legal Names

Legal name

Beijing Mobike Technology Co., Ltd
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M&A Details
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Transaction name

Acquired by

Meituan

announced date

04.04.2018

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Financials

Funding Rounds
11
3

Number of Funding Rounds

$828M

Money Raised

Their latest funding was raised on 30.08.2018. Their latest investor MSA Capital. Their latest round Series E

Date 
Funding Round 
Investors 
Money Raised 
Lead 
30.08.2018
1
19.12.2017
2
01.11.2017
1
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Investors
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Number of investors

Investor 
Lead 
Round 
Partners 
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Asset Managers and Custodians

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Financial Services, Venture Capital, Finance

Location

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Ben Harburg

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Ben Harburg the Managing Partner of MSA Capital, a global investment firm with $1.5 billion in assets under management. Notable MSA portfolio companies include Meituan (3690.HK), Uber (NYSE: UBER), NIO (NYSE: NIO), Mobike (Acq: Meituan), BGI (SHE: 300676) , Xiaozhu, Kanzhun, Tuijia, and Pintec (NASDAQ: PT). Prior to MSA, Harburg was a founding member of The Boston Consulting Group's Middle East system, and built one of the largest commodities trading companies in Asia, with offices in 13 countries. Harburg serves on the Board of Directors of the National Committee on United States-China Relations. He is also a members of the Boards of Advisors of the Carnegie-Tsinghua Center for Global Policy and the Tufts University School of Arts & Sciences. He is a Term Member of the Council on Foreign Relations. Harburg was a Fulbright Scholar at Rhur University Bochum, where he was based in the Institute for Oriental and Islamic Studies.

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People

Founders
3
Weiwei Hu
Weiwei Hu

Weiwei Hu

current job

Meituan Bike
Meituan Bike

organization founded

1

Weiwei Hu

Yiping Xia
Yiping Xia

Yiping Xia

Yiping (Joe) Xia is the co-founder and CTO of bike-sharing company Mobike. Prior to working at Mobike, Joe Xia worked as head of APAC Uconnect Connectivity at Fiat Chrysler Automobiles, APA SYNC team leader at Ford Motor Company, and senior engineer for system and software development at ZTE. He finished his Master of Science (M.S) in Telecommunication and Information Systems at University of Essex in 2006, and his Bachelor of Science (B.Sc) in Communication Engineering at Nanjing University of Posts and Telecommunications in 2004.

current job

Jidu Auto
Jidu Auto

count Of Investments

2

Yiping Xia

Davis Wang
Davis Wang

Davis Wang

current job

Meituan Bike
Meituan Bike

organization founded

1

Davis Wang

Employee Profiles
27
Calvin Kang

Calvin Kang

General Manager

Sagar Sen

Sagar Sen

General Manager

Alex Lim

Alex Lim

Business Development

Jimmy Chong

Jimmy Chong

Singapore Marketing Manager

Maxwell Zhou

Maxwell Zhou

Head of Mobile Engineering

Jia Zou

Jia Zou

VP of Engineering

Yao Liu

Yao Liu

Head of Product Design

Sharon Meng

Sharon Meng

General Manager and Head of Growth (APAC)

Activity

Recent News
0