New era: A woman rides a Hellobike in Zhenjiang, Jiangsu province. China’s bike rental fever has reached a saturation point. — China Daily
CHINESE bike-sharing companies have recently raised their bike rental prices, a key step necessary to support a sustainable business, said industry experts.
Alibaba-backed bike-sharing startup HelloBike has announced that a single trip will cost Beijing riders 1 yuan (62 sen) for 15 minutes, up from the usual 1 yuan for 30 minutes. This means that the firm has nearly doubled its fees.
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