Bike-sharing services have taken off in China, but the initial boom is fading and a number of players are dropping out. Photo: Reuters
China consumer watchdog takes aim at bike-sharing firm Kuqi over failure to refund deposits
Kuqi Bike has ceased trading, potentially tying up millions of yuan in users’ deposits and highlighting a growing problem in the industry as a shakeout threatens to put more out of business
Bike-sharing services have taken off in China, but the initial boom is fading and a number of players are dropping out. Photo: Reuters
