Mobike, the Chinese bike-sharing company, has continued its global expansion plans with the launch in South Korea.
The company launched its dockless bicycles in the South Korean city of Suwon in a move that forms part of the city’s plans to reduce carbon emissions and promote sustainability.
The launch is the latest in Mobike’s ambitious international expansion plans, which has seen the company expand to 180 cities globally since its launch in April 2016. Mobike launched in Thailand in August, the UK in June and Singapore in March.
Mobike founder Hu Weiwei, said: “Mobike’s smart bike-share service is an urban mobility solution designed to fulfill the eco ambitions of smart cities by providing residents with a convenient and sustainable mode of transport. As a model eco-city in Korea and the region at large, Suwon is core to the nation’s sustainable development, and we are pleased to be working side-by-side with the city government to bring the city one step closer to realizing its ambitions for a smarter, greener city.
Mobike is backed by investors including Tencent, Foxconn, Bertelsmann, Temasek, Warburg Pincus and Sequoia Capital.