When something starts to make money in China, all of a sudden things go into OVERDRIVE! and everyone jumps onto the bandwagon! Nothing can demonstrate this China phenomenon more than the shared bike market that's exploded recently. Come find out what's blocking all the sidewalks in Chinese Cities!
Thanks to Camilo Koch for the Shanghai drone footage, his Instagram is: @caig
Mobike (Chinese Simplified: 摩拜单车, Móbāi Dānchē), founded and owned by Beijing Mobike Technology Co., Ltd. (Chinese Simplified: 北京摩拜科技有限公司), is a fully station-less bicycle-sharing system headquartered in Beijing, China. It is the world's largest bicycle operator, and in December 2016, made Shanghai the world's largest bike-share city.
In June 2017, Mobike raised $600 million in Series E funding led by Tencent, bringing the firm's fund raising in 2017 alone to nearly US$1 billion. In the same month, the company is valued at US$3 billion.
Currently Mobike operates in over 160 cities in China and in four markets outside of China, which include but are not limited to Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Ningbo, Xiamen, Foshan, Zhuhai, Changsha, Hefei, Shantou, Haikou, Deyang, Nanning, Guiyang, Xi'an, Wenzhou, Wuhan and many more. Operations in Singapore started on 21 March 2017.
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Music used: Virtual Vice - City Limits
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