BEIJING -- Beijing's roads were a riot of colors until recently as consolidation in the bike-sharing industry in China weeded out several players. Now, analysts say companies still need to find a way to monetize this business.
The main colors on the roads - white, yellow and blue - reflect the outcome of the industry realignment. White bikes are owned by Hellobike which is backed by Alibaba Group Holding; yellow by ofo and Mobike after its acquisition by Meituan Dianping meant it had to change the color of its bikes from orange; and blue by Bluegogo, which has been acquired by Didi Chuxing.
