Temasek jumps into China’s bike rental startup war with investment in MoBike

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Spin is trying to bring Mobike-style bike sharing to the US. Temasek, Singapore’s state-owned investment firm, has jumped into China’s on-demand cycle war after it backed MoBike. China’s ride-sharing war is last year’s news. The big battle between Uber and Didi Chuxing is essentially over after the latter agreed to buy the former’s China-based business. The new startup drama du jour is in bikes — services that let… Read More