Chinese bike-sharing company Mobike enters ROK market

BEIJING - Chinese bike-sharing company Mobike announced Wednesday it had entered the market in the Republic of Korea (ROK).

The company's dockless bicycles are now on the streets of Suwon, Gyeonggi province, making it the 14th overseas city to have the bike-sharing brand, according to a Mobike press release.

Aiming at building an environment-friendly city, Suwon has been planning to reduce carbon emissions by encouraging bicycling.

Mobike founder Hu Weiwei said the company would cooperate with the city in "smart and green" development to maintain a beautiful urban environment.

Currently, Mobike runs over 7 million shared bikes in 180 cities in nine countries, including China, the United States, Britain, Japan, Singapore and Italy.