c-bike-RTS10XBB-Jason Lee

Bikes are popular again in China and Didi wants in on the action

50 million

The number of customers of bike-sharing services in China is estimated to reach 50 million by the end of 2017, from 18 million in 2016.

Published   |  Photo by Reuters/Jason Lee
c-bike-RTS10XBB-Jason Lee
50 million

China’s middle class is returning to bikes because of the negative effects of cars and the country’s economic slowdown.

c-bike3-RTX35MJS-Jason Lee

Reuters/Jason Lee

c-bike-RTS10XBB-Jason Lee
50 million

The popularity of bike-sharing services could steal some of the market from car-sharing giant Didi. The company is investing in the the popular bike-sharing service Ofo.

c-bike-RTS10XBB-Jason Lee
50 million

Valued at $2 billion, Ofo has 5 million bikes in China, and is expanding. Its yellow bikes can be found in the US, the UK, and Singapore.

c-bike2-RTS16B7J-Jason Lee

Reuters/Jason Lee

Published

Check out more stories below—and please take a quick three-minute survey to help us improve.

Share this story

home our picks popular latest obsessions search