Mobike to expand into more countries

Chinese bike-sharing behemoth Mobike Technology Co Ltd said it is planning to step up expansion in more overseas markets, which it believes will account for an ever-larger percentage of its business.

"Mobike has been stepping up its overseas expansion and we are confident that our global business will witness rapid expansion in the future," Wang Xiaofeng, co-founder and chief executive officer of the Beijing-based company, told China Daily.

"Mobike's overseas market share accounts for a small proportion, but we see great potential for growth."