Why some bike shares work and others don't


A boom in Chinese bike-share companies sought a technology-driven transport solution for people traveling short distances. While investors were drawn to green transportation solutions, a lack of any regulatory framework to introduce the bikes and integrate them with existing public transportation led to millions of bikes inundating urban areas. The more than 40 dockless bike share companies operating around the country led to an oversupply, bikes were vandalized, and many were found in rivers and other natural settings. Massive bike graveyards popped up as the bike parts were not easily recycled.

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