三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Wheels come off Chinese bike-sharing firm

Xinhua | Updated: 2017-06-22 17:41

CHONGQING — Despite being named after Wukong, the omnipotent Monkey King, in the Chinese classic "Journey to the West," a Chongqing bike-sharing start-up has gone bust after less than five months.

Chongqing Zhanguo Technology Ltd, Wukong Bicycle's operator, announced on the company's Sina Weibo account last week that it had retrieved its bikes from the streets and will refund cash advances to users within next 30 days.

Wukong Bicycle is thought to be the first bike-sharing operation to go bankrupt in China.

Xinhua's calls to founder Lei Houyi went unanswered, but he was quoted in the press as saying he had lost more than one million yuan ($146,000).

One of the reasons his firm failed was because it was unable to secure a quality bike supplier and the bicycles obtained from smaller suppliers proved to be of poor quality.

Lei, 26, once worked as security guard in Peking University. The native of Chongqing was inspired by Mobike and ofo's business model to establish his own bike-sharing firm.

Wukong started to launch its service in Jan 7, putting around 1,200 bikes across Chongqing, half of which were in college campuses. Around 90 percent of their bikes are now nowhere to be found because they are only fitted with mechanical locks and are easily stolen.

Chongqing is a hilly city, and colleges are the major market for bike-sharing companies. Xinhua saw a large number of orange Mobike and yellow ofo, the two companies which dominate the Chinese market.

"Mobikes are better quality but ofo is cheaper," said He Xia, a student at the Chongqing University.

She had tried other shared bikes, but the bikes were less comfortable. "As a result, we still prefer the big brands," she said.

Ren Yiling, a student with Southwest University, was among the few who tried Wukong. "The bikes were poor quality," she said. "It shook while I was riding, so I stopped using it."

Wukong Bicycle's collapse occurred just days before Mobike announced it had raised more than $600 million to finance overseas expansion.

As people seek to make their lives easier and save resources, sharing has become popular in China.

Mobike and ofo only started trading last year. Since then, more than 30 similar firms have been set up.

A report released by the State Information Center predicted that the sharing economy will grow at an average annual rate of 40 percent over the next few years and will account for more than 10 percent of the country's GDP by 2020.

"I think the failure of Wukong is not because the bike-sharing market is not good, but due to his choice of city," said a web user Yangyangshutu. "Every Chongqing resident knows a saying, 'in Chongqing, the bike rides the man.' It is not a city where you should ride bike at all."

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 狠狠色综合久久丁香婷婷 | 日本黄色免费网站 | 精品国产91久久久久 | 国产欧美久久精品 | 国产精品免费看久久久麻豆 | 久久日本精品国产精品白 | 毛片免费观看 | 亚洲欧美日产综合一区二区三区 | 在线观看国产一区二区三区99 | 成人午夜免费观看 | 免费一级毛片不卡不收费 | 国产玖玖 | 日本国产最新一区二区三区 | 亚洲综合视频 | 久久免费99精品久久久久久 | 亚洲欧美精品一区 | 免费中文字幕乱码电影麻豆网 | 久久r这里只有精品 | 9丨精品国产高清自在线看 9久9久女女免费精品视频在线观看 | 色综合天天综合网国产成人网 | 日韩啊v| 视频一区二区三区蜜桃麻豆 | 风间中文字幕亚洲一区中文馆 | 亚洲伦理一二三四 | 成年人黄色在线观看 | 一级毛片美国一级j毛片不卡 | 91精品久久一区二区三区 | 久久久久久一级毛片免费野外 | 生活片一级播放免费 | 亚洲国产成人在线观看 | 99九九成人免费视频精品 | 日本一线a视频免费观看 | 香蕉视频网站免费观视频 | 亚洲一级毛片在线观 | 亚洲人成网站在线观看播放青青 | 性欧美巨大极品videos | 看中国一级毛片 | 精品一区二区三区五区六区 | 成人免费在线网站 | 日韩不卡一级毛片免费 | 免费看精品黄线在线观看 |