Foxconn- and Tencent-backed Mobike is leading the fierce fight for dominance in the global dockless bike-sharing market, with ambitions for more – including logistics services.
Why
Alleviate public transport pressure
Rapidly growing urban populations are putting public transport systems under pressure in cities worldwide.
Environmental concerns
As environmental concerns mount, people are looking for more sustainable transport alternatives to cars.
Troublesome to return bikes
Earlier bike-sharing services require users to return to stations, causing inconvenience and high administrative costs.
Market
49.65 million
Forecast number of bike-sharing users in China in 2017, doubling by 2019. Globally, bike-sharing is expected to generate revenue of US$5.8 billion by 2020 (20% yearly growth).
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