Mobike rides into Japan with launch of Japanese subsidiary

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The Chinese bike-sharing company will start rolling out its service in Japan later this year

Chinese bike-sharing giant Mobike has rode into Japan with the establishment of its Japanese subsidiary “Mobike Japan”.

The subsidiary is located in Fukuoka city and will begin offering bike-sharing services later in the year.

This development is in line with the city’s drive to build a sustainable public transportation ecosystem.

“With Mobike’s bike-share platform, Fukuoka residents, as well as local and foreign tourists, can enjoy greater mobility and convenience when traveling around the city,” said Soichiro Takashima, Mayor of Fukuoka city, in an official press statement.

“We look forward to the benefits Mobike will bring with the reduction of automobiles, and the positive impact Mobike’s eco-friendly bike-sharing service can provide,” he added.

“Mobike is very excited to enter the Japanese market, and Fukuoka city, known for its innovation and dynamism, is a natural partner for Mobike,” said Chris Martin, Head of International Expansion of Mobike.

First launched in Shanghai in April 2016, Mobike is now in over 100 cities across China and Singapore. According to the company, it has over 100 million users, with 5 million bikes in operation and 25 million riders per day at peak times.

Also Read: Mobike co-founder sues Q&A site Zhihu for defamation

Mobike has hit a number of home runs this month alone. First, it announced it will begin operations in UK cities Manchester and Salford on 29 June — its first markets outside of Asia.

Then, it raised US$600 million in a Series E round just days after, giving the Tencent-backed company a significant lead over its Alibaba-backed rival Ofo.

Image Credit: Mobike

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Source: e27