Meituan Dianping completed the acquisition of Beijing Mobike Technology for $3.7bn.

Meituan Dianping, a platform for lifestyle services and products ordered through smartphones, completed the acquisition of Beijing Mobike Technology, a bicycle-sharing company, for $3.7bn. "We're excited to include Mobike as part of our range of local service transportation offerings. With its leading technology in the bike-sharing industry, Mobike has created unique value for its customers in their daily commute," Xing Wang, Meituan CEO and Founder.