How a crazy idea led this former journalist to US$3b buyout of Mobike

Excerpt

<div>China Renaissance acted as the adviser for Mobike, most recently valued at US$3 billion according to researcher <b>CB Insights</b>. The deal values the bike-sharing firm's equity at about US$2.7 billion, and Meituan will assume roughly US$700 million in debt, one of the people said. Mobike's unlikely tale ...</div>