TOKYO -- Mercari, whose popular flea market app made it Japan's first unicorn, is set to branch out into the brick-and-mortar sphere with a new bike-sharing service.
The Tokyo-based startup is included in "The Global Unicorn Club," venture capital database CB Insights' list of private companies valued at more than $1 billion. On Tuesday, Mercari said it will release a mobile app on Feb. 27 to launch the bike-sharing service in the southwestern Japanese city of Fukuoka. A fleet of 400 bicycles will be available.
