Consolidation in China’s Bike Sharing Business Due to Cut-Throat Competition

BEIJING, China – It marks the first merger deal in China’s hyper-competitive bike sharing industry. Will this affect the dominance of Mobike and ofo, who now are trying to further grow their business in Europe?
Dominant players in China’s bike sharing business, Mobike and ofo hold market shares of 56% and 30% respectively. – Photo timeoutshanghai