Hong Kong’s first bike-sharing app Gobee.bike raises US$9 million in venture capital round

Goobee.bikes parked in Sha Tin. Photo: Handout

Hong Kong’s bike-sharing service Gobee.bike said on Thursday that it has raised US$9 million in its first venture capital round of funding, as the startup looks to finance its expansion in the city and overseas.

The Series A funding round was led by venture capital firm Grishin Robotics, with participation by the Alibaba Hong Kong Entrepreneurs Fund (AEF), a non-profit initiative by the world’s largest online shopping platform operator to nurture the city’s startups. Alibaba is owner of the South China Morning Post.

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