• Bicycles Are Piling Up on Chinese Streets. What's a Bike-Sharing Company Like Ofo to Do?

    9 days ago - By Fortune

    A giant pothole has emerged on the path to success for Chinese bike-sharing companies.
    Authorities in China and in the global cities that start-ups such as Mobike and Ofo have expanded into are complaining that the pile-up of poorly parked and damaged bicycles in urban spaces are a public nuisance.
    "The bike-sharing phenomenon has grown very quickly in the last few years, but the layout and infrastructure cities in China aren't something that can be changed as quickly to accommodate this new trend," said Zhang Siding, co-founder of Chinese bike-sharing company Ofo.
    Zhang, who currently...
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