Posted inChina

FAW nets stake in Mobike’s new car-sharing unit

FAW Car, a subsidiary of the Changchun-based FAW Group, said in an announcement on Sunday that the company was securing a 10% stake in Mobike Chuxing Technology Co. Ltd., without disclosing any further financial details, reported. Mobike Chuxing was set up by China’s leading bike-sharing startup Mobike in December 2017. It was registered as […]

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