Society

Chinese bicycle-sharing startup Mobike expands into Japan

Jun 22 (Reuters) - Chinese bicycle-sharing startup Mobike has set up a subsidiary in Fukuoka city in southern Japan and plans to begin service later this year, it said on Thursday.

The move into one of Japan's largest cities marks the latest overseas venture for the firm, which has already launched services in Singapore and the UK. The company has operations in around 100 Chinese cities and has raised over $900 million since October.

"The company is committed to providing smart bike-share services in collaboration with local governments across Japan," the company said in a statement, but did not provide details on its investment.

Mobike, whose backers include Tencent and Sequoia, has 100 million users and supports roughly 25 million rides a day. Its top competitor, ofo, raised $450 million in May from a range of investors including Chinese ride-sharing service Didi Chuxing.

Ishiba Unveils New Cabinet Lineup

The new leader of Japan's main ruling Liberal Democratic Party has officially announced his executive lineup. LDP President Ishiba Shigeru is set to become prime minister on Tuesday. (NHK)

Two powerful storms approaching Japan

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Tateyama Alpine Route Awash in Autumn Colors, Set to Peak in October

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Hakamada Case Ends With Acquittal After 58 Years

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Japan launches information-gathering satellite on H2A rocket

A Japanese government information-gathering satellite has successfully been put into a planned orbit around Earth. (NHK)

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