AndrewJin
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You have paid tax....
And you will deposit 200 yuan.
Sharing Economy Sees Rapid Growth in China
- Thread starter Raphael
- Start date
And you will deposit 200 yuan.
ahojunk
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.
Yes, everyone pays tax (varying amount depending on your income).
But you haven't paid for the service (of using the bike).
Deposit is different from paying for the service.
AndrewJin
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Then probably people should be charged for borrowing books from the public library!
grey boy 2
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Sharing Economy Sees Rapid Growth in China
Many see shared services as “good for society”
November 24, 2016 | Retail & Ecommerce
Sharing economy revenues are soaring in China, according to a September 2016 report from iiMedia Research. Revenues are projected to rise 76% this year, reaching RMB3.95 trillion (roughly $633 billion). And more growth is set to come.
iiMedia Research defined the sharing economy in China as the sharing of human and physical resources on digital platform, like ride-sharing and space-sharing, but also specific skills, like tutoring.
In 2017, revenues are expected to hit about RMB5.70 trillion (about $915 billion), up 44% from 2016’s total.
The September report also offered insight into consumer attitudes about the sharing economy in China.
About 40% of internet users in China surveyed in July 2016 said they thought the sharing economy enhanced the well-being of society. The most common response was that it promotes “proper allocation of resources,” which also seems to suggest a common good.
While a larger shift to the sharing economy may be a good ways off—a March 2016 report from Tencent Research Institute found just 1.6% of China’s GDP to derive from the sharing economy—there are some aspects of the niche economy that are, well, not so niche—according to Didi Chuxing7’s Q2 2016 survey, nearly 85% of those who live in Tier 1 cities in China use ride-hailing apps
https://www.emarketer.com/Article/Sharing-Economy-Sees-Rapid-Growth-China/1014767
Many see shared services as “good for society”
November 24, 2016 | Retail & Ecommerce
Sharing economy revenues are soaring in China, according to a September 2016 report from iiMedia Research. Revenues are projected to rise 76% this year, reaching RMB3.95 trillion (roughly $633 billion). And more growth is set to come.
iiMedia Research defined the sharing economy in China as the sharing of human and physical resources on digital platform, like ride-sharing and space-sharing, but also specific skills, like tutoring.
In 2017, revenues are expected to hit about RMB5.70 trillion (about $915 billion), up 44% from 2016’s total.
The September report also offered insight into consumer attitudes about the sharing economy in China.
About 40% of internet users in China surveyed in July 2016 said they thought the sharing economy enhanced the well-being of society. The most common response was that it promotes “proper allocation of resources,” which also seems to suggest a common good.
While a larger shift to the sharing economy may be a good ways off—a March 2016 report from Tencent Research Institute found just 1.6% of China’s GDP to derive from the sharing economy—there are some aspects of the niche economy that are, well, not so niche—according to Didi Chuxing7’s Q2 2016 survey, nearly 85% of those who live in Tier 1 cities in China use ride-hailing apps
https://www.emarketer.com/Article/Sharing-Economy-Sees-Rapid-Growth-China/1014767
onebyone
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China’s Mobike raises $215M led by Tencent for its bicycle sharing service
BY JON RUSSELL
Jan 4, 2017
Bicycle sharing services are primed to be a major focus for China’s startup scene this year. Now today, only the fourth day of 2017, comes the first mega-round for the space after Mobike announced its $215 million Series D funding.
The investment is led by internet giant Tencent, which took part in previous funding, and Warburg Pincus with participation from a range of top names. Those include new (and potentially highly strategic) backers online travel giant Ctrip and Huazhu Hotels Group, which runs over 3,000 hotels in China, and existing investors Sequoia China and Hillhouse Capital. The company did not disclose its valuation.
“What we can say is that our business continues to expand rapidly and we believe we are the largest player in our market by a considerable margin,” a spokesperson said.
Mobike said it will collaborate with Huazhu Hotels and Ctrip, which recently acquired Europe-based Skycanner for $1.7 billion and has invested in a Chinese airline, to help “travellers to get around cities more easily” and grow its userbase. Tencent, it added, would help with resources and know-how.
Founded in 2015, Mobike began offering its service in Shanghai in April 2016. Today it operates in nine cities across China. It is founded on the idea that bicycles can provide a cheap, easy and environmentally-friendly way to navigate China’s urban areas and that the proliferation of smartphones should allow people to use bikes as and when they want.
Unlike government-backed bike sharing services in other pars of the world that use fixed locations to store cycles, Mobike makes use of GPS to allow its bikes to left anywhere in a city. The company’s mobile app helps locate available bikes, which can be unlocked by scanning a QR code that is present on each bike.
Its closest competitor is Ofo, which is backed by Xiaomi and recently raised money from ride-sharing giant Didi Chuxing and others at a reported $500 million valuation. Ofo claims to have deployed over 70,000 bikes across 20 cities in China, with its 1.5 million registered users taking 500,000 rides per day. Mobike, meanwhile, claims 30,000 cycles overall but is aiming to reach 100,000 in each city by the end of this year. said it has more than 100,000 bikes in Shanghai.
Fast-growing and ambitious, Mobike is already looking to overseas, too. It plans to launch in Singapore, its first expansion, in the first quarter of 2017 while a spokesman added that it is “actively looking at opportunities in other international cities,” including destinations outside of Asia. Not doubt, then, $215 million in additional money will come in handy.
“Our investment in Mobike demonstrates our commitment to supporting the development of the sharing economy and smart cities in China,” Tencent chairman and CEO Pony Ma said in a statement. “We hope that by combining this with Tencent’s deep understanding of user behavior in China, we will create unique value for our users in their daily transportation.”
Despite the big name involvement and large sums, it remains unclear whether these companies can turn a profit when they charge just 1 CNY (approximately $0.15) per hour. Consider that Didi is not profitable despite dominating China’s taxi on-demand industry with 10 million rides per day, and that Uber was burning $1 billion per year in China before agreeing to sell its business there, and the longterm viability of the cycle businesses is unclear.
https://techcrunch.com/2017/01/04/mobike-series-d-215-million-tencent/amp/
BY JON RUSSELL
Jan 4, 2017
Bicycle sharing services are primed to be a major focus for China’s startup scene this year. Now today, only the fourth day of 2017, comes the first mega-round for the space after Mobike announced its $215 million Series D funding.
The investment is led by internet giant Tencent, which took part in previous funding, and Warburg Pincus with participation from a range of top names. Those include new (and potentially highly strategic) backers online travel giant Ctrip and Huazhu Hotels Group, which runs over 3,000 hotels in China, and existing investors Sequoia China and Hillhouse Capital. The company did not disclose its valuation.
“What we can say is that our business continues to expand rapidly and we believe we are the largest player in our market by a considerable margin,” a spokesperson said.
Mobike said it will collaborate with Huazhu Hotels and Ctrip, which recently acquired Europe-based Skycanner for $1.7 billion and has invested in a Chinese airline, to help “travellers to get around cities more easily” and grow its userbase. Tencent, it added, would help with resources and know-how.
Founded in 2015, Mobike began offering its service in Shanghai in April 2016. Today it operates in nine cities across China. It is founded on the idea that bicycles can provide a cheap, easy and environmentally-friendly way to navigate China’s urban areas and that the proliferation of smartphones should allow people to use bikes as and when they want.
Unlike government-backed bike sharing services in other pars of the world that use fixed locations to store cycles, Mobike makes use of GPS to allow its bikes to left anywhere in a city. The company’s mobile app helps locate available bikes, which can be unlocked by scanning a QR code that is present on each bike.
Its closest competitor is Ofo, which is backed by Xiaomi and recently raised money from ride-sharing giant Didi Chuxing and others at a reported $500 million valuation. Ofo claims to have deployed over 70,000 bikes across 20 cities in China, with its 1.5 million registered users taking 500,000 rides per day. Mobike, meanwhile, claims 30,000 cycles overall but is aiming to reach 100,000 in each city by the end of this year. said it has more than 100,000 bikes in Shanghai.
Fast-growing and ambitious, Mobike is already looking to overseas, too. It plans to launch in Singapore, its first expansion, in the first quarter of 2017 while a spokesman added that it is “actively looking at opportunities in other international cities,” including destinations outside of Asia. Not doubt, then, $215 million in additional money will come in handy.
“Our investment in Mobike demonstrates our commitment to supporting the development of the sharing economy and smart cities in China,” Tencent chairman and CEO Pony Ma said in a statement. “We hope that by combining this with Tencent’s deep understanding of user behavior in China, we will create unique value for our users in their daily transportation.”
Despite the big name involvement and large sums, it remains unclear whether these companies can turn a profit when they charge just 1 CNY (approximately $0.15) per hour. Consider that Didi is not profitable despite dominating China’s taxi on-demand industry with 10 million rides per day, and that Uber was burning $1 billion per year in China before agreeing to sell its business there, and the longterm viability of the cycle businesses is unclear.
https://techcrunch.com/2017/01/04/mobike-series-d-215-million-tencent/amp/
ahojunk
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Over 50,000 bikes hired every day on average in Wuhan
2017-01-17 10:15 Xinhua | Editor: Xu Shanshan
A total of 40,000 bikes have been put into use at 2,000 public bike renting stations in Wuhan since it operated the service in April 2015. More than 50,000 bike rentals occur every day on average.
A woman rents a bike at a public bike renting station in Wuhan, capital of central China's Hubei Province, Jan. 16, 2017. (Xinhua/Xiong Qi)
People ride rented bikes at the East Lake in Wuhan, capital of central China's Hubei Province, Jan. 16, 2017.
A man rents a bike at a public bike renting station in Wuhan, capital of central China's Hubei Province, Jan. 16, 2017.
People rent bikes at a public bike renting station in Wuhan, capital of central China's Hubei Province, Jan. 16, 2017.
Riding a rented bike at the East Lake in Wuhan, capital of central China's Hubei Province, Jan. 16, 2017.
2017-01-17 10:15 Xinhua | Editor: Xu Shanshan
A total of 40,000 bikes have been put into use at 2,000 public bike renting stations in Wuhan since it operated the service in April 2015. More than 50,000 bike rentals occur every day on average.
A woman rents a bike at a public bike renting station in Wuhan, capital of central China's Hubei Province, Jan. 16, 2017. (Xinhua/Xiong Qi)
People ride rented bikes at the East Lake in Wuhan, capital of central China's Hubei Province, Jan. 16, 2017.
A man rents a bike at a public bike renting station in Wuhan, capital of central China's Hubei Province, Jan. 16, 2017.
People rent bikes at a public bike renting station in Wuhan, capital of central China's Hubei Province, Jan. 16, 2017.
Riding a rented bike at the East Lake in Wuhan, capital of central China's Hubei Province, Jan. 16, 2017.
TaiShang
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Chinese bikes cycling around world
China Daily, January 22, 2017
A man uses a public bike in Wuhan, Central China's Hubei province, on Jan 16, 2017. [Photo/Xinhua]
As cycling becomes more and more popular, China's exporting a growing number of bikes.
New figures have revealed that Chinese bikes are by far the most popular in the World.
Sales data for 2016 shows that an astonishing 93.5 percent of bicycles in the USA were imported from China during the year.
Chinese bicycles also dominated in Europe, where 50 percent of total supply came from China's Taiwan alone.
The Netherlands, Germany and the UK were amongst the three biggest importers of Chinese bikes in 2016. As cycling continues to grow in popularity in the countries, it looks likely that demand will continue to grow over 2017.
Cycling also continues to gain fans in China, where a new form of cycle sharing also promises to boost demand for bikes and revolutionise the way that people ride.
Earlier in January, sino.uk reported that Chinese companies have been pioneering in incorporating ride sharing technology into bicycle systems - a development that could benefit city dwellers around the world.
Two principle companies - Mobike and Ofo - are rolling-out bicycle sharing across China, that doesn't require expensive and inconvenient docking stations.
Instead, users can leave their bikes pretty much anywhere, with a combination of GPS and QR codes allowing the next user to unlock the bike.
It's been widely called the 'Uber' of bicycle sharing, and indeed, ride-sharing specialists Didi Chuxing have been an early investor.
Whether it's a bike to buy or a bike to rent, Chinese bicycles will be riding around the world for many years to come.
China Daily, January 22, 2017
A man uses a public bike in Wuhan, Central China's Hubei province, on Jan 16, 2017. [Photo/Xinhua]
As cycling becomes more and more popular, China's exporting a growing number of bikes.
New figures have revealed that Chinese bikes are by far the most popular in the World.
Sales data for 2016 shows that an astonishing 93.5 percent of bicycles in the USA were imported from China during the year.
Chinese bicycles also dominated in Europe, where 50 percent of total supply came from China's Taiwan alone.
The Netherlands, Germany and the UK were amongst the three biggest importers of Chinese bikes in 2016. As cycling continues to grow in popularity in the countries, it looks likely that demand will continue to grow over 2017.
Cycling also continues to gain fans in China, where a new form of cycle sharing also promises to boost demand for bikes and revolutionise the way that people ride.
Earlier in January, sino.uk reported that Chinese companies have been pioneering in incorporating ride sharing technology into bicycle systems - a development that could benefit city dwellers around the world.
Two principle companies - Mobike and Ofo - are rolling-out bicycle sharing across China, that doesn't require expensive and inconvenient docking stations.
Instead, users can leave their bikes pretty much anywhere, with a combination of GPS and QR codes allowing the next user to unlock the bike.
It's been widely called the 'Uber' of bicycle sharing, and indeed, ride-sharing specialists Didi Chuxing have been an early investor.
Whether it's a bike to buy or a bike to rent, Chinese bicycles will be riding around the world for many years to come.
terranMarine
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Chinese Bicycles literally dominates the business, Taiwan can be proud of Giant 
grey boy 2
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Chinese bicycles dominated US market as well, nobody even came close
cirr
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China builds 7.6km bicycle path in the air
By Ifreke Inyang
February 17, 2017
China has built a bicycle path in the air, five metres above ground level.
It is called the ‘skycycle’ path with a length of 7.6 kilometres, Xinhua reports.
Already, users have started a trial run in Xiamen, in the eastern Fujian Province.
According to Xiamen City Public Bicycle Management, the path will be open to all kinds of bikes, including public and private bikes, from 6:30 a.m. to 10:30 p.m. during the month-long trial, in a bid to promote green transport.
The path appears as a winding viaduct and is built beneath the city’s overhead BRT (Bus Rapid Transit) lanes. The highest section of the bicycle path is five meters above ground.
The company said the path was designed to accommodate up to 2,023 bicycles per hour, with a maximum speed of 25 kilometers per hour. It covers the city’s five major residential and three business centers.
There are 11 entries on the path, which will connect with 11 bus stations and two subway stations.
“I’m a little bit afraid of the height, so I thought I would dare not ride on it. But today I found the guardrail made me feel safe,” said Xiamen resident Wu Xueying.
“It’s nice to ride a bicycle under the blue sky in the sunshine.”
Resident Chen Yimin believes cycling may be an alternative to driving to work.
“I tried today, and it took 10 minutes from my home to my workplace, which is the same as when I was driving,” Chen said.
http://dailypost.ng/2017/02/17/china-builds-7-6km-bicycle-path-air-photos/
By Ifreke Inyang
February 17, 2017
China has built a bicycle path in the air, five metres above ground level.
It is called the ‘skycycle’ path with a length of 7.6 kilometres, Xinhua reports.
Already, users have started a trial run in Xiamen, in the eastern Fujian Province.
According to Xiamen City Public Bicycle Management, the path will be open to all kinds of bikes, including public and private bikes, from 6:30 a.m. to 10:30 p.m. during the month-long trial, in a bid to promote green transport.
The path appears as a winding viaduct and is built beneath the city’s overhead BRT (Bus Rapid Transit) lanes. The highest section of the bicycle path is five meters above ground.
The company said the path was designed to accommodate up to 2,023 bicycles per hour, with a maximum speed of 25 kilometers per hour. It covers the city’s five major residential and three business centers.
There are 11 entries on the path, which will connect with 11 bus stations and two subway stations.
“I’m a little bit afraid of the height, so I thought I would dare not ride on it. But today I found the guardrail made me feel safe,” said Xiamen resident Wu Xueying.
“It’s nice to ride a bicycle under the blue sky in the sunshine.”
Resident Chen Yimin believes cycling may be an alternative to driving to work.
“I tried today, and it took 10 minutes from my home to my workplace, which is the same as when I was driving,” Chen said.
http://dailypost.ng/2017/02/17/china-builds-7-6km-bicycle-path-air-photos/
TaiShang
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Chinese Bicycles literally dominates the business, Taiwan can be proud of Giant
Off road:
On road performance:
ahojunk
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Car-sharing gains popularity in cities
2017-02-16 13:08 | Ecns.cn | Editor: Wang Fan
A woman uses car-sharing service in Chengdu. (File photo/Chinanews.com)
(ECNS) -- Commuters are increasingly opting for the convenience of car-sharing as an alternative to using private cars or public transport to get around China's cities, according to some analysts.
Car-sharing businesses have gained popularity in cities such as Beijing, Shanghai, Chongqing and Chengdu, following the popularity of bike-sharing. After downloading a car-sharing app on a smartphone and registering their driver's license and ID card, a user can access information on nearby cars available for sharing.
The driver may be charged 1.5 yuan ($0.21) per kilometer, or 0.15 yuan per minute, depending on the car-sharing operator. Some companies also require a deposit of approximately 1,000 yuan.
Users then return a car to an assigned parking lot, which is free, or any regular parking area. The next user of the car is required to pay the parking fee.
The expense of driving a shared car is cheaper than taking a taxi or using a special car service, said Fu Cong, the head of car-sharing platform yiduyongche.com.
A user in Chongqing said it is cheaper and more convenient. However, some users said they had struggled to find a car when they needed one.
The industry is still in its infancy, and the costs of operation and service are high. The number of cars, including some new-energy cars, in service is also not enough.
Yet analysts still believe car-sharing businesses will flourish in the near future, and that such growth will not create more traffic pressure on city streets.
2017-02-16 13:08 | Ecns.cn | Editor: Wang Fan
A woman uses car-sharing service in Chengdu. (File photo/Chinanews.com)
(ECNS) -- Commuters are increasingly opting for the convenience of car-sharing as an alternative to using private cars or public transport to get around China's cities, according to some analysts.
Car-sharing businesses have gained popularity in cities such as Beijing, Shanghai, Chongqing and Chengdu, following the popularity of bike-sharing. After downloading a car-sharing app on a smartphone and registering their driver's license and ID card, a user can access information on nearby cars available for sharing.
The driver may be charged 1.5 yuan ($0.21) per kilometer, or 0.15 yuan per minute, depending on the car-sharing operator. Some companies also require a deposit of approximately 1,000 yuan.
Users then return a car to an assigned parking lot, which is free, or any regular parking area. The next user of the car is required to pay the parking fee.
The expense of driving a shared car is cheaper than taking a taxi or using a special car service, said Fu Cong, the head of car-sharing platform yiduyongche.com.
A user in Chongqing said it is cheaper and more convenient. However, some users said they had struggled to find a car when they needed one.
The industry is still in its infancy, and the costs of operation and service are high. The number of cars, including some new-energy cars, in service is also not enough.
Yet analysts still believe car-sharing businesses will flourish in the near future, and that such growth will not create more traffic pressure on city streets.
TaiShang
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China's Mobike gets 300m USD funding to expand overseas
Xinhua | Updated: 2017-02-21
BEIJING - China's leading bicycle-sharing service provider Mobike Technology has secured more than 300 million U.S. dollars in the latest round of funding since January this year, the company's CEO Wang Xiaofeng said Monday.
Mobike received equity investment from Singapore's Temasek and add-on investment from Hillhouse Capital, which led Mobike's last round of funding.
Wang said Mobike will use the money to explore the global market by duplicating its business model elsewhere. He said the company will also spend more on research and development (R&D), manufacturing, and recruitment.
Mobike and its market rival ofo revolutionized China's commuting market after they began app-based bicycle sharing services.
Users download the Mobike app and pay a deposit to start using the service. Bikes are parked on the street and unlocked by scanning the QR code on the frame.
Each orange bike is equipped with a GPS transmitter so they can be located.
The rental cost, around 1 yuan (15 U.S. cents) for half an hour, is deducted from the deposit. All transactions are done on electronic payment platforms.
Wang said Mobike bicycles are now available in 21 cities. A total of 200 million rides have been recorded since the company launched its first service in Shanghai about ten months ago.
The number of Mobike's active users was estimated around 5.85 million, far surpassing its other rivals, according to a survey conducted at the beginning of the year by independent market research firm iResearch.
In January, Mobike entered into a strategic partnership with Foxconn to double its bike manufacturing capacity to over 10 million units a year.
Xinhua | Updated: 2017-02-21
BEIJING - China's leading bicycle-sharing service provider Mobike Technology has secured more than 300 million U.S. dollars in the latest round of funding since January this year, the company's CEO Wang Xiaofeng said Monday.
Mobike received equity investment from Singapore's Temasek and add-on investment from Hillhouse Capital, which led Mobike's last round of funding.
Wang said Mobike will use the money to explore the global market by duplicating its business model elsewhere. He said the company will also spend more on research and development (R&D), manufacturing, and recruitment.
Mobike and its market rival ofo revolutionized China's commuting market after they began app-based bicycle sharing services.
Users download the Mobike app and pay a deposit to start using the service. Bikes are parked on the street and unlocked by scanning the QR code on the frame.
Each orange bike is equipped with a GPS transmitter so they can be located.
The rental cost, around 1 yuan (15 U.S. cents) for half an hour, is deducted from the deposit. All transactions are done on electronic payment platforms.
Wang said Mobike bicycles are now available in 21 cities. A total of 200 million rides have been recorded since the company launched its first service in Shanghai about ten months ago.
The number of Mobike's active users was estimated around 5.85 million, far surpassing its other rivals, according to a survey conducted at the beginning of the year by independent market research firm iResearch.
In January, Mobike entered into a strategic partnership with Foxconn to double its bike manufacturing capacity to over 10 million units a year.
onebyone
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Thousands of bike-sharing scheme cycles seized in Shanghai
Bicycles impounded by the authorities after they were left by users in areas that breached parking regulations, according to newspaper report
PUBLISHED : Wednesday, 01 March, 2017, 2:13pm
UPDATED : Wednesday, 01 March, 2017, 2:13pm
A file picture taken last month of Mobike cycles used in the firm’s bike sharing scheme in Shanghai. Photo: AFP
Thousands of bicycles used in bike sharing schemes have been seized by the authorities in Shanghai after they were illegally parked or there were excessive numbers in some areas, according to a newspaper report.
About 4,000 bikes have been collected and stored by officials in a public parking area in Zhizaoju Road in the Huangpu district, the Xinmin Evening News reported.
China back on two wheels as bike-sharing revolution gains traction
The bikes were seized after they were left by customers in “non-designated” areas, the article said.
Most were owned by the bike-sharing operator Mobike, according to the article.
Residents have complained that they cannot find a space to park their own bicycles or electric bikes as most designated parking lots are filled with bike share cycles.
Bike sharing schemes have been set up in cities around China and it is estimated there are hundreds of thousands of the bicycles in Shanghai.
Parking is a particular problem in Shanghai, especially in older areas of the city where most roads are as narrow as three metres.
Beijing to crack down on shared bikes littering pavements
Yi Guangzhi, the head of the district’s vehicle management authority, was quoted as saying: “The development of the bicycle sharing industry can’t hinder the residents’ reasonable demand for parking their own vehicles, or let bicycles block the road.
“They are in excessive supply and have already affected normal orders,” Yi said.
Mobike was quoted as saying that it would cooperate with the authorities and pay some form of management fee to tackle the problem.
The company said it hoped its 3,500 bikes would be returned, the report said.
http://www.scmp.com/news/china/soci...ds-bike-sharing-scheme-cycles-seized-shanghai
Bicycles impounded by the authorities after they were left by users in areas that breached parking regulations, according to newspaper report
PUBLISHED : Wednesday, 01 March, 2017, 2:13pm
UPDATED : Wednesday, 01 March, 2017, 2:13pm
A file picture taken last month of Mobike cycles used in the firm’s bike sharing scheme in Shanghai. Photo: AFP
Thousands of bicycles used in bike sharing schemes have been seized by the authorities in Shanghai after they were illegally parked or there were excessive numbers in some areas, according to a newspaper report.
About 4,000 bikes have been collected and stored by officials in a public parking area in Zhizaoju Road in the Huangpu district, the Xinmin Evening News reported.
China back on two wheels as bike-sharing revolution gains traction
The bikes were seized after they were left by customers in “non-designated” areas, the article said.
Most were owned by the bike-sharing operator Mobike, according to the article.
Residents have complained that they cannot find a space to park their own bicycles or electric bikes as most designated parking lots are filled with bike share cycles.
Bike sharing schemes have been set up in cities around China and it is estimated there are hundreds of thousands of the bicycles in Shanghai.
Parking is a particular problem in Shanghai, especially in older areas of the city where most roads are as narrow as three metres.
Beijing to crack down on shared bikes littering pavements
Yi Guangzhi, the head of the district’s vehicle management authority, was quoted as saying: “The development of the bicycle sharing industry can’t hinder the residents’ reasonable demand for parking their own vehicles, or let bicycles block the road.
“They are in excessive supply and have already affected normal orders,” Yi said.
Mobike was quoted as saying that it would cooperate with the authorities and pay some form of management fee to tackle the problem.
The company said it hoped its 3,500 bikes would be returned, the report said.
http://www.scmp.com/news/china/soci...ds-bike-sharing-scheme-cycles-seized-shanghai
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