Outdoor World

Bicycle-sharing firm loses 90% of its bikes, shuts down after just 6 months

All of those vandalised bikes were going to drive one of China’s bike-sharing fellowships out of business sooner or later. That hour has come. Wukong Bike one of an estimated 30 bike-sharing startups in China has shut after a mere a period of six months of operations. It had no choice: it lost nearly 90 percent of its bicycles to mischief and theft. SEE ALSO: Shared bicycles are so popular, they’ve crushed humans out of this common The company had a fleet of 1,200 bicycles in the towns of Chongqing.…

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Outdoor World

Bike-sharing leader Ofo needs to flood cities with its bikes, here’s why

For all the buzz that the bike-sharing conception get, the ill-treatment of these bicycles get just as much attention. Because parties are terrible. China’s Ofo, which has become the first bike-sharing start-up to be valued at over$ 1 billion in funding, countenances a huge brunt of that burden. SEE ALSO: People are dumping shared bicycles in horrible heaps Thousands of its bicycles have been shed in heaps, found in creeks or locked up behind fencings; some by mean-spirited hooligans, others by parties meaning to hog the bicycles for themselves. You’re…

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