News On Japan

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.

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Hydrogen, anticipated as the next-generation automotive fuel, is seeing accelerated efforts for its real-world implementation. Toyota Motor Corporation unveiled its first hybrid vehicle that combines a hydrogen-powered engine and an electric motor, announcing plans to conduct on-road tests starting next spring.

Former Hyogo Governor Motohiko Saito has secured re-election following the gubernatorial election triggered by his resignation.

Education groups in Japan representing 23 organizations issued an urgent statement criticizing a proposal from the Ministry of Finance to gradually raise the 'teaching adjustment allowance' to 10% as part of work reform measures. The proposal was deemed 'unrealistic,' sparking opposition from educators.

A Ferrari seized from a tax delinquent was auctioned by the Tokyo Regional Taxation Bureau, fetching over 170 million yen, the highest bid ever recorded for such an auction.

Zao’s iconic snow monsters, the frost-covered trees known as 'juhyo,' face an existential threat. These towering, snow-laden trees have long been a winter highlight in the region, famously resembling monstrous figures covered in snow. However, their survival is now under severe threat.

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