Chinese Bike-Sharing Startup Mobike Has Its Eye on Expansion

Chinese Bike-Sharing Startup Mobike Has Its Eye on Expansion

When Chinese bike-sharing company Mobike first formed, investors and suppliers were skeptical. The idea of a bike share program without storage docks had been tried before in China. But when Mobike launched with a few bikes last April, the service exploded, especially on social media. “It became more of a lifestyle in the city, rather …