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 officially launches ride-hailing service, first testing in Guizhou
Mobike, China’s major bike rental company, announced today that it will roll out its first ride-hailing service in Guizhou, marking the firm’s official attempt to expand outside of the bike rental business. The first batch of the “shared” cars are all new energy vehicles and will be placed in Guian New Area and Guiyang City […]
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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 rides the swell into Australia with surfboard racks and designated parking
Mobike tries to catch up with China arch-rival ofo by announcing it will launch in Australia in January 2018. The company will put around 2,000 bikes onto the streets around Gold Coast, Queensland, but the bikes will have to be left in designated areas. The bikes have been designed for Australia with gears, a larger […]
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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 […]
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Mobike testing ride-hailing feature to challenge Didi & ofo tie-up
Chinese bike rental firm Mobike rolled out a ride-hailing feature in its latest app update through a partnership with car-summoning operator Shouqi Limousine & Chauffer (首汽租车). The new feature allows Mobike users to book the Shouqi’s car services within the bike rental app, and will actually be able to check the location of cars and routes […]
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Mobike partners with AT&T and Qualcomm—for what could be single global model
Mobike plans to partner with AT&T and Qualcomm as it rolls out its smart bike rental service across the US. The partnerships with the US companies will help it keep in line with the authorities there and the move suggests the bike company could be developing a single model for global rollout. Mobike has released […]
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Ofo and Mobike aren’t doing so well in Singapore
China’s fast-expanding bike-sharing startups ofo and Mobike both expanded to Singapore earlier this year, but it turns out that the local bike rental operator oBike is winning the local game. Ofo officially launched its service in Singapore this February and saw a surge in the number of users, making it the fifth most downloaded app […]
