Rapidly growing bike-sharing startup Mobike already has 100 million users in China. And it’s now looking to the US and Europe in the hope its unique ‘dockless’ system can disrupt the industry. Mobike this week brought a handful of the brightly-colored two-wheelers to showcase at the Fortune Brainstorm Tech conference in Aspen, Colorado. With no … Read more
Basketballs, electric scooters and rainbow-coloured umbrellas — nothing seems out of bounds in China’s booming “sharing economy”. Where once Chinese consumers would look to shell out on items such as luxury handbags or cars, now they can rent them for short periods taking advantage of the explosion of mobile payment technology. As ever with China, … Read more
Authorities in Shanghai and Tianjin will impose regulations on the rapidly growing bike-sharing sector following mounting complaints over an accumulation of millions of the rentable two-wheelers on city streets, state media reported. The two metropolises have drafted rules that will require operators “to adhere to standards on production, operation and maintenance” of bicycles, Xinhua news … Read more