China’s Mobike raises $600M to expand its bikes on-demand service worldwide

 Mobike, one of two fast-emerging on-demand bike rental services, has landed $600 million in new funding as it seeks to expand its business outside of China. Bike rentals are shaping up to be the first global tech industry that was born in China. The principle is simple: bikes are fitted with GPS trackers which allows them to be picked up from and left anywhere using an app. With companies… Read More

by Jon Russell via Endless Supplies .Ca - News