Mobike shared bicycles on a street in Beijing. Bike-sharing start-up Mobike has raised more than US$600 million to help finance its overseas expansion, as competition in the booming market intensifies. Photo: AFP

Bike-sharing major Mobike lands US$600 million of new funding to push global expansion

Mobike says it operates a total of more than five million bikes and its daily orders have already exceeded 20 million. Now it’s looking to go global

Topic |   Start-ups

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Mobike shared bicycles on a street in Beijing. Bike-sharing start-up Mobike has raised more than US$600 million to help finance its overseas expansion, as competition in the booming market intensifies. Photo: AFP
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