Residents ride bicycles through a sidewalk crowded with bicycles from the bike-sharing companies Ofo, Mobike and Bluegogo in Beijing. At its peak, about 100 companies were offering similar services in China. Photo: AP

China’s bike-sharing unicorns may be forced to merge with rivals to ensure survival

Bike-sharing became a hot sector in China after investors pumped billions into start-ups, but competitors face a stark choice as the money begins to dry up

Topic |   Bike-sharing services

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Residents ride bicycles through a sidewalk crowded with bicycles from the bike-sharing companies Ofo, Mobike and Bluegogo in Beijing. At its peak, about 100 companies were offering similar services in China. Photo: AP
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