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China tech

Beijing cleared away 400,000 shared bikes in first half of year

Four of nine companies required to halt or restrict operations

  © Reuters

BEIJING -- Local authorities in Beijing have cleared out nearly 400,000 shared-bikes in the first half of 2019, to ease the city's bike-sharing overcapacity.

The city records 1.6 million daily bike-sharing rides on average and only about 30% of all the registered shared-bikes are being used by residents, according to the Beijing Municipal Commission of Transport (BMCT), which oversees and regulates the city's bike-share operations.

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