3-yr-old Chinese startup with $1 bn funding sold for $2.7 bn
China-based bike-sharing startup Mobike which was founded in 2015, has been acquired by Meituan-Dianping, China's largest provider of on-demand online services, for a reported amount of $2.7 billion. Mobike, which has raised about  $1 billion to date will continue as an independent brand with its management team remaining in place, Meituan-Dianping said in a statement.