ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China's bike-sharing sector focuses on making money after consolidation

Hopes that rationalization of businesses will help companies

Bike-sharing companies find it hard to make money in China.    © Reuters

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more