Warburg Pincus and Tencent Holdings Lead US$215 Million Series D Round for Mobike (Asia)

Source: Warburg Pincus, Private Equity International  |  Author(s): Carmela Mendoza

Global private equity firm Warburg Pincus and China-based media and technology group Tencent Holdings have led a US$215 million Series D round for China-based bike sharing company Mobike. Private investment firms Sequoia Capital, TPG and Hillhouse Capital, China-based online travel company Ctrip and China-based hotel management company Huazhu Hotels Group also participated. Warburg invested through Warburg Pincus Private Equity XII.