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

China's booming sharing economy hits a wall

Bike-sharers deprived of deposits while ride-hailers stuck with higher fares

A surplus of bicycles for rent in Guangzhou led the Chinese city to issue two bans on additional bikes.

GUANGZHOU -- China's sharing economy has accelerated like a speeding locomotive, but some wheels appear to be coming off the industry amid broken promises over bikes and a lack of competition involving cars.

Sorry, you can't have your money back

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