1. LINE

      Text:AAAPrint
      Economy

      Mobike gets $300 mln funding to expand overseas

      1
      2017-02-21 09:01Xinhua Editor: Gu Liping ECNS App Download

      China's leading bicycle-sharing service provider Mobike Technology has secured more than 300 million U.S. dollars in the latest round of funding since January this year, the company's CEO Wang Xiaofeng said Monday.

      Mobike received equity investment from Singapore's Temasek and add-on investment from Hillhouse Capital, which led Mobike's last round of funding.

      Wang said Mobike will use the money to explore the global market by duplicating its business model elsewhere. He said the company will also spend more on research and development (R&D), manufacturing, and recruitment.

      Mobike and its market rival ofo revolutionized China's commuting market after they began app-based bicycle sharing services.

      Users download the Mobike app and pay a deposit to start using the service. Bikes are parked on the street and unlocked by scanning the QR code on the frame.

      Each orange bike is equipped with a GPS transmitter so they can be located.

      The rental cost, around 1 yuan (15 U.S. cents) for half an hour, is deducted from the deposit. All transactions are done on electronic payment platforms.

      Wang said Mobike bicycles are now available in 21 cities. A total of 200 million rides have been recorded since the company launched its first service in Shanghai about ten months ago.

      The number of Mobike's active users was estimated around 5.85 million, far surpassing its other rivals, according to a survey conducted at the beginning of the year by independent market research firm iResearch.

      In January, Mobike entered into a strategic partnership with Foxconn to double its bike manufacturing capacity to over 10 million units a year.

       

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲第一视频在线观看免费| 国产免费av片在线看| 亚洲国产精品成人| 粉色视频成年免费人15次| 暖暖免费高清日本一区二区三区| 亚洲精品亚洲人成在线播放| 永久免费毛片在线播放| 亚洲一级毛片免观看| 亚洲综合伊人久久大杳蕉| 亚洲男人的天堂在线播放| 亚在线观看免费视频入口| 久久久无码精品亚洲日韩按摩 | 日韩精品无码免费专区午夜| 亚洲国产av无码精品| 一级毛片视频免费| 成人超污免费网站在线看| 国产午夜亚洲不卡| 两性色午夜免费视频| 亚洲一区二区电影| aa级一级天堂片免费观看| 精品国产日韩亚洲一区91| 亚洲日本va午夜中文字幕久久| sss日本免费完整版在线观看| 夜夜春亚洲嫩草影院| 日韩精品无码免费一区二区三区| 亚洲成av人片在线看片| 中文字幕av无码不卡免费| 亚洲成人精品久久| 免费A级毛片无码免费视| 无遮挡a级毛片免费看| 亚洲国产成人片在线观看| 成人免费网站久久久| 亚洲av永久无码精品漫画| 国产黄在线播放免费观看| 亚洲AV日韩AV天堂久久| 成年女人免费视频播放77777| 成人福利在线观看免费视频| 色婷婷亚洲十月十月色天| 日韩免费视频网站| 免费人成毛片动漫在线播放| 亚洲中文字幕一二三四区|