From Bikes To Basketballs: China’S Speedy-Growing Sharing Financial System

Bike-sharing companies also offer hongbao, or red packets, where users stand to win cash rewards by riding “bonus bikes.
Once registration and deposit payment is completed, users pay as little as 0.5 yuan (7 cents) for a half hour of use.
Approximately 30 companies offer some form of bike-sharing services to the Chinese market.
“Given the extremely low prices users pay, the business models employed by bike-sharing firms have led to reservations over their sustainability in the long term.
Still, plenty remain convinced that talk of a bike-sharing bubble is no cause for worry.

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