Summary of The What, Why and How of China’s Bike-Sharing Industry

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 The What, Why and How of China’s Bike-Sharing Industry summary
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China’s bike-sharing services entered the market at a time when congestion and pollution are spurring demand for better solutions for short-distance commutes. Eden Ding, an investment manager at Panda Capital, takes a look at the logic behind bike sharing from a Chinese investor’s point of view and offers useful background information on the emergence of the industry in China. getAbstract recommends this article to venture capitalists, entrepreneurs, shared-economy enthusiasts and people who enjoy biking to work.

In this summary, you will learn

  • Why bike sharing has become popular in China and
  • Which major players are shaping the bike-sharing market.
 

About the Author

Eden Ding is an investment manager at Panda Capital, a Chinese venture capital firm based in Shanghai. Panda Capital was the leading investor in Mobike’s series B funding.

 

Summary

Innovative bike-sharing services have recently become popular in China. The country’s leading bike-sharing company Mobike equips each bike in its fleet with GPS: Once registered, you open the Mobike app to locate the nearest bike and unlock its smart lock by scanning a QR code. When you’re done cycling, you lock the bike anywhere on the side of the road and the app will automatically charge you via a third-party mobile payment service, such as Tencent’s WeChat Wallet or Alibaba’s Alipay.

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