China's Mobike partners with Singtel to speed Asian growth
Mobike, a Beijing-based bicycle-sharing company, announced on Monday a tie-up with Singapore Telecommunications, as it aims to expedite its growth in Asia.
The two companies signed a memorandum of understanding the same day in Singapore covering mobile payments, internet of things, data analytics and joint marketing in the region.
The partnership with Singtel extends across the region, Xia said. Singtel has a presence through affiliates, such as Advanced Info Service in Thailand, Telekomunikasi Selular in Indonesia, Globe Telecom in the Philippines, and Bharti Airtel in India. Mobike will be able to work with Singtel's affiliates in mobile payments through mobile wallet services run by each company, according to Arthur Lang, CEO of Singtel's International unit.
In Singapore, the two companies will begin a narrow-band internet of things trial in the first quarter of 2018, the two companies announced. This will give Mobike the chance to try out its system in "close to a real scenario," Xia said, thanks to Singtel's nationwide coverage.
This is Mobike's first tie-up with a telecommunications company outside China. Domestically, Mobike works with China Mobile, which provides support in areas such as the internet of things, Xia said.
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