Youon Public Bicycle System, the Jiangsu province-based bike sharing company, has been accused of infringing intellectual property rights and has suspended its IPO. Photo: SCMP handout

China’s first bike-sharing IPO Youon called off amid IP infringement lawsuit

Youon’s reliance on government procurement also called into question by analysts, faced with growing list of competitors in the shared economy

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Youon Public Bicycle System, the Jiangsu province-based bike sharing company, has been accused of infringing intellectual property rights and has suspended its IPO. Photo: SCMP handout
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