If you travel to big cities in China, it is easy to find bicycles of different colors on the sidewalks and the streets. These are share bicycles from different Chinese companies. Inspired by the car-sharing economy pioneer UBER, the bike-sharing revolution has since transformed the way Chinese people move around the cities, as well as the transport industry as a whole.
Everyday, tens of millions of Chinese people use these share-bikes, which are equipped with GPS and connection to internet. Users just have to download the APP on their mobile phones, and they can find available bikes nearby, open the bike lock through scanning the 2D barcode on the bike body, and pay with their account, all done online, within seconds.
Despite the increase popularity and potential of this sharing economy, share bikes have nevertheless caused several problems in the city, such as bikes being dropped off everywhere, increase hazard on road traffic, and stealing of bike parts. Local governments in China and share-bike companies are now working together to reduce the disorder in the cities. For example, users dropping the bikes in designated parking areas will get discounts for their next ride.
Now the 2 biggest Chinese companies of share bike, MOBIKE and OFO, have extended their operations to other foreign cities, such as Manchester, Washington D.C., Milan, Florence ... Do you think this share bike idea will succeed like its car-sharing counterparts?