The "parking anywhere" policy is both a blessing and a curse. Randomly parked bikes, especially near subway stations, have been known to block the roads for other traffic. To resolve this problem, Mobike and other companies have volunteer users to spot and report discarded bikes.
They also have in-house teams for rounding up those bikes and taking them to either high-traffic hubs or repair centers. Wang Yongjun is a car park attendant at a Wanda Plaza in Beijing. It takes time to formulate relevant policies and laws to guide the industry," Wang Xiaofeng said to China Daily. Dai with Ofo echoed Wang Xiaofeng, saying that bike sharing companies should cooperate closely with the government,. On March 15, the Shanghai Municipal Transportation Commission reportedly told six bicycle-sharing service providers, including Mobike and Ofo, to stop putting out more bicycles, since there were already too many.
On April 15, the police in Shenzhen, Guangdong Province, revealed that they are partnering with bike sharing companies to monitor the number of bikes in designated areas. Under the plan, if the accumulation of bikes in an area hits a certain number, a warning system will be activated that prohibits bikes from entering, with cyclists notified via a mobile app. Since Ofo's foundation, Dai had the idea of introducing shared bikes to college campuses overseas.
Late last year, Dai announced that Ofo plans to ship 20, bicycles abroad, choosing three foreign destinations for the company's global market: Cambridge in Britain, Singapore and Stanford University in the U. But before Ofo officially hit overseas markets, Bluegogo, the third largest player in the Chinese market, became the first to expand internationally, launching a San Francisco service in January and then started their preparation for market expansion into Australia. On February 21, Ofo officially launched its bikes in Singapore. On March 21, Mobike started its first steps overseas.
The bikes are mostly placed around the MRT stations and on university campuses in Singapore. Claiming himself to be a cycling lover, Cook rode an Ofo bike, saying the startup has changed public transportation. It means far more than just throwing bikes into foreign cities," Wang told China Daily. Wang revealed that they registered a company in Singapore last August, but spent months partnering with local banks, transportation partners and authorities.
Singaporeans don't use WeChat and Alipay, which are used in China for the e-transaction. They need to seek out a local way.source site
The CAN-BIKE Program
Ofo has the same problems in exploring its overseas markets. The bikes they launched in the United States don't have a QR code, and users need to input the registered number of the bike to get the unlock code through the Ofo app. The challenges also include adapting to the local rules and regulations as well as local culture.
Currently, there are about 30 bike-sharing service companies in China, the majority of them founded in The number of bike-sharing users has rocketed, reaching 19 million by the end of last year.
It is expected to surge to 50 million in , according to BigData-Research, a research firm based in Beijing. Bike-sharing companies are awash with investment from venture capital firms to bankroll their expansion plans. Mobike has enjoyed seven financing rounds since it was founded in late The first investment was several million dollars. In August , the company raised more millions. Its investors include Singapore sovereign wealth fund Temasek and iPhone maker Foxconn.
Its archrival Ofo is also at the center of the spotlight. Bike-sharing firms are burning the raised funds at a crazy speed to gain more market share, as they battle one another by offering subsidies and free rides. The white-hot battle is reminiscent of Didi's jousts with Uber and about 30 other rivals several years ago. To borrow a shared bike, users need to pay a deposit. Users are told they can get their deposit back within seconds after they submit their request.
By this January, both companies claimed to have more than 10 million users. That means from the deposits alone, they would have got 2. However, there's been some controversy about whether such huge amounts are safe due to the suspected lack of supervision over their use. Comments to yuanyuan bjreview. Mobike establishes an open research center with other 11 institutions on April 12 to work on urban planning, with a focus on lanes and parking spots for shared bikes XINHUA.
Editor's Choice. Spinning the Wheels. An old Chinese icon, the bicycle, has made a top-gear comeback on the wings of hi-tech. Mobike establishes an open research center with other 11 institutions on April 12 to work on urban planning, with a focus on lanes and parking spots for shared bikes XINHUA The sword's edge But the picture is not all happy. Dai with Ofo echoed Wang Xiaofeng, saying that bike sharing companies should cooperate closely with the government, assisting it in making industry standards and setting up parking points.
Going abroad Since Ofo's foundation, Dai had the idea of introducing shared bikes to college campuses overseas. The Two-Wheel Deal Currently, there are about 30 bike-sharing service companies in China, the majority of them founded in Ofo to Get Tech Upgrade. Orange Is the New Smart. Chinese Dictionary :.
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