How Hype and Greed Are Ruining Chinese Bike-Sharing (i.e., Mobike and Ofo)

During the 2007 financial crisis, former Citigroup CEO Charles Prince famously said: “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance.”

Looking at the bike-sharing business in China today, you see a lot of such dancing. You see a nice simple business that has been deluged with hype and money.

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Bike share planning in Holland put on hold to look for funding

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A committee working to bring bike share to Holland has instead moved its focus to promoting the use of bike lanes. Sentinel File

 Tuesday

Posted Mar 28, 2017 at 6:10 PMUpdated Mar 28, 2017 at 6:10 PM

Instead, members of the committee will promote the use of bike lanes in the city during upcoming events.

By Sydney.Smith@hollandsentinel.com 616-546-4219

After several committee meetings, plans for a bike share program in Holland are being put on hold while funds for the potential program are being sought.

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How ‘dockless’ bike-sharing has flooded China and what happens now

Guardian correspondent Nick Van Mead reports on the scene in the Chinese city of Hangzhou, a 30ft screen in the public bike share office, where a system is tracking more than 40 cycle rentals every couple of seconds, and close to 350,000 transactions occur every day. An hour west of Shanghai, Hangzhou is slightly larger than London, but has a sharing system five times the size. Public bike sharing is one mechanism by which the city aims to reduce air pollution and traffic congestion, it has regularly ranked in the top 10 of China’s most congested cities.

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