Mobike is a Chinese fully station-less bicycle-sharing system. It develops mobile apps for users to find and use bicycles to travel anywhere. Mobike raised $600 million in Series E funding led by Tencent, bringing the firm's fundraising in 2017 alone to nearly US$1 billion in June 2017. It became worth US$3 billion in the same month. Chinese web company Meituan-Dianping acquired Mobike for US$2.7 billion in April 2018. Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping founded Mobike on January 27, 2015, with its headquarters in Beijing in China.
Hu Weiwei is the founder of Mobike, the world’s first and largest smart bike-sharing company. She established Mobike in 2015, driven by a desire to transform cities by making bikes available to everyone. She was inspired to pursue her vision for the future of bike-sharing after seeing first-hand how technology could change people’s life for the better, during a decade-long career as a journalist covering the technology and transport sectors. Under Weiwei’s guidance, Mobike has adopted a mission to bring more bikes to more cities, using technology to make cycling the most convenient and environmentally-friendly transport choice for urban residents, and to change the way of city life beyond transportation. A native of Dongyang, in China’s Zhejiang Province, she received a bachelor’s degree in journalism from Zhejiang University City College. Before founding Mobike, Ms. Hu founded Geekcar.com, a media company focusing on the latest tech trends in the automotive industry. Prior to Geekcar.com, she worked for SAIC, Tencent and The Beijing News. In 2017, Weiwei has been named one of Fortune Magazine’s “Forty Under Forty".