A staff member from Ofo gathers its shared bikes for use during the evening rush hour in Beijing. Ofo and competitor Mobike account for 95 per cent of the bike sharing market, leaving little room for others. Photo: Reuters

Winter descends on China’s once-hot bike sharing market as another player goes bust

With more than 40 platforms, China’s bike-sharing market is rapidly consolidating after attracting US$2 billion in funding over the last 18 months

Topic |   Bike-sharing services

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A staff member from Ofo gathers its shared bikes for use during the evening rush hour in Beijing. Ofo and competitor Mobike account for 95 per cent of the bike sharing market, leaving little room for others. Photo: Reuters
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