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Business

Can China's bike-sharing boom last?

Popularity may simply reflect Chinese embrace of mobile payments, smartphones

| China
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Men ride Ofo shared bicycles along Chang'an Ave. n central Beijing.   © Reuters

Bike-sharing has taken off in China far faster than in any other market where it's been offered. The unexpected popularity of the services has attracted lots of investment capital and media coverage. However, it is also raising questions about profitability, wide-spread bike vandalism and theft, and growing government regulation. Hype, scrutiny and liquidity have overwhelmed a nice, convenient and surprisingly popular service.

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