A price of 0.1 yuan is printed on the seat of a Bluegogo bike-sharing bicycle in the Futian district of Shenzhen. Photo: Roy Issa
With China’s third largest bike sharer bankrupt, riders worry about money tied up in deposits
Bike-sharing, the hottest start-up trend in China this year, claims its biggest victim, further chilling an industry that has burned through billions in cash
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Bike-sharing services
A price of 0.1 yuan is printed on the seat of a Bluegogo bike-sharing bicycle in the Futian district of Shenzhen. Photo: Roy Issa