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Messaging app LINE leads Mobike Japan A round

Mobike has announced that it is launching a strategic partnership with LINE Corporation, which operates the LINE messaging platform. The partnership includes LINE leading the A round of investment in Mobike Japan, the local subsidiary of the hire bike firm. LINE will have the largest minority stake at under 20%. Other investors in the A […]

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Mobike awarded Champions of the Earth by UN Environment

Mobike has been recognized by the UN for its contribution to the advancement of low carbon public transport. Mobike won the accolade in the Entrepreneurial Vision category of the United Nations Environment’s Champions of the Earth awards. Hu Weiwei, Mobike’s founder, was presented with the award alongside six other winners–including two other Chinese winners–at a […]

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Mobike, ofo say no to merger despite investor pressures

Despite the rumors and speculation surrounding a possible merger between Mobile and ofo, Mobike co-founder and CEO Davis Wang has made it clear again at TheYearAhead Summit that a “merger is not an option for the company,” local media is reporting. Similarly, ofo founder and CEO Dai Wei also expressed previously that the company would not […]

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Mobike lands in Washington D.C., their first US city

Mobike, a major Chinese bike-rental company, has just placed their first batch of bikes in the capital of the United States as part of its ambitious global expansion plan. Closely following its largest rival ofo’s footprint, Mobike chose Washington D.C. as the first city in America to start running its business, whereas ofo just a month ago […]

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Mobike launches new, lighter stronger model

Mobike, China’s major bike-rental company, today launched a new model of its smart bike called “New Lite.” It features a minimalist design, longer lifespan, and lighter weight. The all-new model comes with a stronger bike frame which is 50 percent stronger than European standards and weighs 15.5 kilograms, making it the lightest mainstream bike rental […]