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Uber will expand bike-sharing service to Europe

Photo: Uber

Uber is expanding its Jump bike-sharing service to Berlin this summer, CEO Dara Khosrowshahi said on Wednesday at a conference in Germany, reports Reuters.

Why it matters: So-called "last-mile" transportation services like bike and scooter-sharing are the latest craze, with a number of companies cropping up in China and the U.S.