Execs at Mobike, the bike sharing startup, are raising $20M to buy out the European business by end of June

Some big changes are afoot for Mobike, the Chinese bike-sharing company that was acquired by IPO-bound on-demand service startup Meituan-Dianping for $2.7 billion last year. Mobike executives in Europe are raising $20 million from outside investors as part of a plan to spin off the European operation. Under the deal, Mobike would not completely divest …