New A Mangled Pile Of Bicycles Inwards China, From The South-Eastern Metropolis Of Xiamen, Amongst Thousands Of Bikes From Each Of The Summit 3 Bike Sharing Companies, Mobike, Ofo In Addition To The Now-Defunct Bluegogo.

The large release of cycles on Chinese streets convey led to scenes of clogged sidewalks no longer jibe for pedestrians in addition to piles of mangled bikes that convey been illegally parked.

But the scene inward Xiamen appears to live on 1 of the largest amalgamations of discarded bicycles, alongside trucks unloading bikes from unopen to the city.

https://www.theguardian.com/uk-news/2017/nov/25/chinas-bike-share-graveyard-a-monument-to-industrys-arrogance

China’s 3rd largest bike sharing company, Bluegogo, has reportedly run across fiscal trouble, among a moving ridge of busts in addition to consolidations inward an manufacture that took the province past times tempest this year.

Bluegogo burned through 600m yuan (£68m) inward investor funding inward the twelvemonth since it was founded past times its youthful CEO Li Gang, deploying 700,000 bikes across cities inward China.

At to the lowest degree 3 other bike sharing companies convey also gone bust inward recent months, although Bluegogo is past times far the largest.

https://www.theguardian.com/world/2017/nov/17/anger-as-chinese-bike-sharing-firm-shuts-up-office-with-riders-deposits

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