Print Edition - 2017-12-31  |  Money Digest

Bike-share firm Mobike eyes car sharing market

- Xinhua, BEIJING

Dec 31, 2017-

Bike-share company Mobike plans to enter the car sharing market in southwest China. The Beijing-based firm said Friday that its first fleet of electric cars will soon be on the roads of Gui’an New Area and Guiyang City in Guizhou Province. Users can locate, unlock, pay and park a shared-car on the same app they use to hire bikes. Mobike founder and CEO Wang Xiaofeng said Mobike’s strength was in internet-of-things, mobile internet and big data, while Gui’an New Area has an extensive network of electric car charging points. 

Published: 31-12-2017 08:33

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