Why bike-sharing is nothing like ride-sharing By Jeffrey Towson Chinese bicycle-sharing apps Mobike and Ofo have caused quite a stir recently.Tencent and private equity firms Warburg Pincus and Sequoia Capital participated in a$100-million funding round for Shanghaibased Mobike.And,Xiaomi,Citic PE and Coatue Management similarly pumped $130 million into Beijing-based Ofo,in which China’s dominant ride-hailing service provider Didi Chuxing is also,reportedly,an investor. Why bike-sharing is nothing like ride-sharing By Jeffrey Towson Chinese bicycle-sharing apps Mobike and Ofo have caused quite a stir recently. Tencent and private equity firms Warburg Pincus and Sequoia Capital participated in a $ 100-million funding round for Shanghaibased Mobike. And Xiaomi, Citic PE and Coatue Management similarly pumped $ 130 million into Beijing-based Ofo, in which China’s dominant ride-hailing service provider Didi Chuxing is also, reportedly, an investor.