Chinese bike - sharing giant mobile has launched a subsidiary company aimed at the Japanese market , following its latest $ 600 m fund raise . The start - up , created in 2015 , has so far raised $ 600 m , thanks to backers including Tencent , and recently expanded to Singapore . The Japanese operation is due to begin this venture in Fukuoka city , while Mobike is also seeking an entry into the Japanese market .
Chinese bike-sharing giant Mobike has launched a subsidiary company aimed at the Japanese market, following its latest $600m fund raise. The start-up, created in 2015, has so far raised $900m, thanks to backers including Tencent, and recently expanded to Singapore. The Japanese operation is due to begin this year in Fukuoka city, while Mobike is also eyeing an entry into the UK market.