Mobike Aims to Be in 100 Global Cities This Year

Mobike, a leading smart bike sharing platform, is expanding globally with a focus on Singapore and Europe. The company leverages IoT technology for efficient operations and aims to scale up despite higher labor costs in new markets. With significant funding, Mobike is poised for growth, focusing on its smart bike fleet and technological advantages. The business model relies on affordable commuting services, with a clear path to profitability. Mobike faces competition but believes its technology and scale provide a competitive edge.

What is Mobike's target for global city expansion by the end of the year?

• 100 cities

• 70 cities

• 150 cities

• 50 cities

Which city is Mobike's first step in its international expansion?

• London

• Tokyo

• Singapore

• New York

What technology does Mobike use to enhance its bike-sharing service?

• Solar panels

• Blockchain

• AI-powered navigation

• IoT with GPS chips

How much did Mobike raise in its Series D funding round?

• $300 million

• $100 million

• $200 million

• $400 million

What is Mobike's approach to achieving profitability?

• Scaling up the commuting service

• Reducing bike production costs

• Increasing rental prices

• Expanding into car rentals

What is a key advantage Mobike claims to have over its competitors?

• More colorful bikes

• Faster customer service

• Lower rental prices

• Embedded GPS technology

What is Mobike's current focus instead of acquiring other players?

• Developing new bike models

• Operating its fleet of smart bikes

• Entering the car-sharing market

• Building new manufacturing plants