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Chinese exercise app leaps amid COVID-19 pandemic

SoftBank-backed Keep's valuation doubled to $2bn in 6 months

China's most popular workout app, Keep, raised $360 million from Japan's SoftBank Vision Fund and China's Tencent Holdings, among other investors. (Photo courtesy of the company)

BEIJING -- Competition is intensifying in the global home exercise industry, as coronavirus-driven gym closures prompt highlight the importance of people looking after their health and getting enough exercise despite being stuck at home.

Last year, Peloton Interactive, a New York-based manufacturer of interactive exercise bikes and treadmills, saw its market capitalization jump sixfold. Apple has already launched a subscription fitness app Apple Fitness+ in some countries.

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