Lime's e-scooters now a hit in foreign countries

Lime, a micro-mobility startup founded by Chinese entrepreneurs, is bringing its e-scooters to over 200 cities globally to cash in on the opportunities of the sharing economy overseas. The move comes as bike-sharing firms Ofo and Mobike hit bumpy roads both domestically and abroad.

"We are in active talks with overseas markets including Singapore after deploying our scooters and bikes in more than 20 countries and regions including Europe, the US and New Zealand," said Toby Sun, co-founder and CEO of Lime. He added that Lime's registered users have exceeded 20 million.

The remarks came as Ofo and Mobike, once touted as investor darlings, pedaled toward an uncertain future, due mostly to overexpansion and their struggles to find profitable business models.