China’s frenetic start up scene is burying cities under mountains of bikes — and locals are getting an almost free ride
My commute to work in Beijing used to be a 50-minute ordeal of urban combat. I’d board a rush-hour subway car—and by “board” I mean forcefully wedge myself into a mass of humanity so tightly packed that I couldn’t bend an arm to glance at my phone. A few months ago, a new, semi ironic indignity began to add even more time to the slog: the need, outside each station, to navigate past sprawling regiments of rentable bicycles, numbering in the dozens or even hundreds, clogging walkways and tripping up pedestrians. The bikes are the ever-expanding inventory of two Beijing startups, Mobike and Ofo, and several copycats. The services have become almost identical—scan a QR code to unlock a bike, then drop it off anywhere, no docking station needed—so the only thing they can compete on is convenience.
هذه القصة مأخوذة من طبعة September 01, 2017 من Bloomberg Businessweek Middle East.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 01, 2017 من Bloomberg Businessweek Middle East.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Golfing With The Enemy
Did Donald Trump's executives violate the Cuban embargo?
Super-Rich Syrians Wait for War's End
Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate
Pam Codispoti
The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking
This Time It's The Economy
President Rouhani’s budget sets offprotests from people angry about unemployment and inflation
Saudi Prince Counts On Support Of Citizens
State-worker salary increases appeal to the people, but policy may throw the budget off track
Stalin's Legacy Is Choking The Ukrainian Economy
The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors
Catastrophe Bonds Survive A Stormy Year
The turbulence of 2017 couldn’t destroy a market for betting against disasters
Riding The West Bank's Credit Boom
Increased consumer lending is creating a bubble in the West Bank
You'd Be Crazy To Buy Pizza With Bitcoin
Speculative fervour makes the cryptocurrency clumsy for commerce
What If The President Loses His Party?
Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake