Hellobike bicycles on a street in Luoyang city, in China’s Henan province. Funds raised by the provider recently have led to speculation about renewed competition in the bicycle-sharing industry. Photo: Imaginechina

China’s bicycle-sharing industry may see more mergers soon, says venture capital firm

Consolidation will make industry profitable, says early backer of Hellobike

Topic |   Bike-sharing services

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Hellobike bicycles on a street in Luoyang city, in China’s Henan province. Funds raised by the provider recently have led to speculation about renewed competition in the bicycle-sharing industry. Photo: Imaginechina
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