Mobike Rolls Out in UK
June 30, Manchester, England: Girls ride Mobike’s shared bikes. Mobike, one of China’s largest bicycle-sharing companies, launched service in Greater Manchester on June 29, its first major expansion outside Asia. About 1,000 bikes were put into use, some of which were unloaded overnight in key locations such as train stations, transportation hubs and popular destinations for food, shopping, leisure and entertainment.
Mobike’s move in Manchester is just one example of how China’s burgeoning sharing economy is spreading globally. The company has huge ambitions to expand its service to 200 cities in 2017, mainly by expanding internationally. Its arch-rival Ofo Inc. has also joined the race for global expansion.
Their services, which allow bicycles to be rented with a smartphone and parked anywhere after use, have redefined short-distance travel and spawned fierce competition in the Chinese market and abroad.