Mobike

Mobike was one of China's original bike-sharing startups and, by some accounts, the pioneer of the smart shared bike — founded in 2015 by Hu Weiwei, a former journalist, it rode the "sharing economy" wave to pull in roughly $1 billion in investment within two years . Its story ended as one of the era's defining exits: on April 3, 2018, shareholders approved Meituan's full acquisition at a $2.7 billion price tag (65% cash, 35% Meituan stock, with Meituan assuming the debt and the management team staying on), a deal 暗涌Waves called "a fully rational M&A that nearly every participant chose" and the full stop on the decade's biggest investment mania . Meituan's Wang Xing praised it as "a rare true Chinese original" and said Mobike would keep its brand and operate independently . Hu, then 36, reportedly cashed out 1.5 billion yuan from the sale . On the investor side, Joy Capital's Liu Erhai was among its backers — Mobike took just three years from investment to exit, in line with his other quick-turn wins like NIO and Luckin .