Line to integrate Mobike functionality after taking minority stake in bikesharing company

Japanese messaging app Line has invested in bike sharing company Mobike in a bid to bolster the growth of bikesharing in Japan.
Line has taken a minority stake in Mobike’s Japanese subsidiary, Mobike Japan, as part of a Series A round of investment.
The deal will see Mobike’s service integrated into the Line app, enabling the messaging app’s 71 million users to sign up and pay for their rides in-app.
The two companies will also work closely to develop a series of initiatives to