China startup Mobike teams up with Foxconn to hike output

China startup Mobike teams up with Foxconn to  hike output

FILE PHOTO: A Mobike sign is seen in Guangzhou, Guangdong Province, China, October 8, 2016. REUTERS/Stringer/File Photo

China’s Mobike said it has joined hands with Foxconn to double the number of bikes it plans to make this year to 10 million, adding that the Taiwanese manufacturing giant had also taken a stake in the bike-sharing start-up.

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