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

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

Medium, 2017

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auto-generated audio

Editorial Rating

9

Qualities

  • Analytical
  • Innovative
  • Applicable

Recommendation

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.

Take-Aways

  • Bike-sharing services have quickly become popular in China; by the end of 2017, approximately 30 companies will have placed 20 million rental bikes in the market.
  • GPS and smart technology enable locating and unlocking the bike, which users can leave anywhere once they are done.
  • Existing short-distance travel solutions for a large number of commuters in crowded cities are inadequate.

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.