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March 22, 2017

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Home » Business » Transport

Mobike expands rides to Singapore

Source: Xinhua | March 22, 2017, Wednesday | Print Edition

MOBIKE yesterday launched its bicycle-sharing service in Singapore, its first expansion overseas.

Bikes are mostly placed around the MRT stations and on university campuses. Users download the Mobike app and unlock the bikes by scanning the QR code on the frame.

The Shanghai-based bicycle sharer said the standard rental fee is S$1 (72 US cents) per half an hour. To celebrate the launch, a 50 percent temporary discount was given.

Hu Weiwei, founder and president of the company, said Mobike will bring its bikes to more cities worldwide and make biking a more convenient and cheaper commute.

Florian Bohnert, head of international expansion at Mobike, said the bike sharing has been welcomed by local residents, business partners and transport authorities during a trial period.

Bohnert said Mobike was happy to work with universities in Singapore to encourage more students and teachers to ride its bikes on campus.

Mobike has won more than US$300 million of investment since January, with Singapore’s Temasek being the newest investor. Mobike’s CEO Wang Xiaofeng said in February that the company would use the money to explore the global market.

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