Chinese bike-sharing behemoth Mobike Technology Co Ltd is gearing up its overseas expansion, as the company aims to meet its ambitious goal of operating in 200 cities globally by the end of this year.

Beijing-based Mobike announced on Tuesday the launch of bike-rental services in London, with a plan to operate 750 bikes in September.

"Considering our current operation status, we are able to complete and may even exceed our global expansion goal of 200 cities," said Chris Martin, Mobike vice-president and head of its overseas expansion business. Much of that expansion will be domestic, but he said Mobike will cover more countries in the second half of the year.