Nov 25, 2017
Is the bubble bursting for China's shared bike industry?
Is the bubble bursting for China’s shared bike industry?
Coolqi, known for its green shared bikes, and Bluegogo, with its iconic blue bikes, have drawn disapproval as users are having difficulty in getting deposit refunds.
The two firms have appeared on the latest list of bankrupt bike sharing firms, issued by the China E-Commerce Research Center (CECRC). Coolqi, with 1.4 million shared bikes, went bankrupt November in a suspected capital chain break,…
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