Bike-sharing firms export their own brand of innovation

BEIJING - China has surprised the world with its economic innovations, with leading bike-sharing companies gearing up for global expansion.

Mobike, one of China's largest bike-sharing operators, will launch an initial 1,000 bikes in Manchester and Salford in the United Kingdom on June 29.

This will make the UK the latest in a string of overseas markets that Chinese bike-sharing companies have entered, including the United States, Singapore and Kazakhstan.