Author Topic: The Rise and Fall of China’s Cycling Empires  (Read 826 times)

ergophobe

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The Rise and Fall of China’s Cycling Empires
« on: August 13, 2020, 04:56:39 PM »
China’s bike-sharing firms were supposed to be the next big thing. What happened?

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It was always unclear how the firms were ever supposed to be profitable. According to analysis published by Xinhua, each bike costs just over $200 to manufacture and $10 for each tuneup by a technician, and they made a profit of just 1 yuan, about 15 cents, per 2 hour ride, following a deposit of between $15 and $45.
https://foreignpolicy.com/2018/12/31/a-billion-bicyclists-can-be-wrong-china-business-bikeshare/