Startup Street: Mobike Follows Rival Ofo To India

This week on Startup Street, Chinese bicycle sharing startup Mobike enters India; a one-year old startup looking to capitalise on India’s underserved feminine hygiene market with its environment-friendly products; co-creator of Android may be gearing up to sell his smartphone startup. Here’s what went on: China’s Mobike Enters India App-based bicycle sharing platform Mobike has forayed into India by launching…

China Electric Car Startup Nio raises over $1 Billion from Tencent, others

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Chinese electric vehicle startup Nio has raised more than $1 billion in its latest fundraising round, led by existing investor Tencent Holdings Ltd, valuing the firm at about $5 billion, two people with knowledge of the matter said. New investors in the round include U.S. hedge fund Lone Pine Capital, Chinese investment firm CITIC Capital and Scottish fund manager Baillie…