Mobike is considering 10 more Indian cities and manufacturing bikes in India.
Youon is one of the few Chinese bike rental companies still expanding overseas.
The company says it holds over 50% market share in terms of numbers of orders.
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
Germany has become the latest market from which Chinese bike-sharing firm ofo will make an exit. The company, which has been plagued by rumors of a cash crunch over the past few months, has adjusted its overseas operations in line with its plans to focus on priority markets. ofo has begun scaling back its international operations […]