SHANGHAI: China’s bike sharing bubble is showing signs of strain after the country’s third largest firm said it was going under.
The country has seen a wave of iconic, brightly-coloured shared bicycles hit its city streets over the last year, helping revolutionise urban travel but also drawing some public ire over mountains of bikes clogging up sidewalks.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!