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.