Chinese Bikeshare Company Looks Set to Raise $1.3 Billion

By Phil Latz | 11th March 2021 |
Qingju Bikeshare

Qingju, which is the bike sharing unit of Chinese ride-hailing giant Didi Chuxing as raised US$600 million (A780 million) in its Series B round of financing and is set to raise a further US$400 million (A$520 million) in loans, according to the financial media site Deal Street Asia.

A Didi spokesperson said, “Didi Bike (Qingju) has recently completed a Series B fundraising round. With the new investment, we will continue to improve mid and short distance travel in cities, by providing efficient, safe and reliable bike sharing services to the users.