Asia, Mobike-Sharing, a growing market and an opportunity for material industrial

Overview of Chinese Bike-Sharing Market

Oct. 2017 – Cologne-Shanghaï-Philadelphia

lUp to August 2017, there are up to 16 million shared bikes in operation covering more than half of the prefecture-level cities in China. Approximately 70 bike-sharing companies have poured into this market. The shared bikes have brought significant influence on the Chinese urban traffic system
lAt the same time, the haphazardly parked and disorganized bike-sharing also lead to serious urban management challenges, e.g. congested city sidewalks. Together with nearly saturation bike-sharing market in some major cities, by 7th Sep. 2017, there are totally 12 cities have declared refraining from adding more new bikes