China is back on two wheels due to bike-share services, yet their success has also led to serious issues

By Li Jingjing Source:Global Times Published: 2017/3/29 11:38:20

Scan, unlock and ride - such is the simplicity of online bicycle-sharing services in China, which have grown more and more popular in major cities such as Beijing, Shanghai and Guangzhou. The companies allow almost anyone to ride a bicycle for rates of 1 yuan ($0.15) an hour or even less. With the help of investment from eager venture capital firms, these bike-sharing start-ups have put tens of millions of bikes onto city streets.

However, it also causes problems for the city.

Bike sharing reveals some of the issues Chinese society must deal with since many people are damaging the bikes. Missing pedals and seats, flat tires and broken chains, some people are even putting their own locks on the bikes to keep others from using them.

Meanwhile, the success of these bike-share companies has also drawn scrutiny, with many questioning if their business model is viable, especially with authorities expected to soon draft regulations for this new industry.

Posted in: BUSINESS

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