One of China’s bike-sharing giants could be expanding from two wheels to four.
Mobike, known for its distinctive orange-rimmed rental bicycles, is considering a move into car-sharing.
“Yes, we’re thinking about that,” said Mobike co-founder and CEO Davis Wang, during a panel discussion at the Fortune Brainstorm Tech International conference in Guangzhou, China, on Tuesday.
Wang also said the company is “testing” how it might offer fintech services to its exploding user base.
Mobike has raised more than $1 billion dollars in venture capital from investors, led by Chinese online giant Tencent. The company has used the money to fund a rapid global expansion alongside bike-sharing rival Ofo, which has Chinese online retail powerhouse Alibaba as its marquee investor.
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