Bike-sharing merger floated in China has riders in a huff

Investor eyes monopoly profits, but the industry may be headed for a crash

20171020_China bicycles

A glut of shared bicycles has led authorities in several big Chinese cities to ban additional purchases.

YU NAKAMURA, Nikkei staff writer

GUANGZHOU -- China's two leading bicycle-sharing companies may merge, creating a monopoly that consumers fear would lead to higher prices and deteriorating service.

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