Posted inChinaChongqingHong KongSouth Asia

First casualty in China’s overcrowded ‘Uber for bikes’ market

With China’s bike-sharing startups jostling fiercely for space, one player in Chongqing, a major city in the Southwest of the country, has dropped out of the race. The question this raises for Chinese entrepreneurs is whether the sector is already too overcrowded. The operator of Wukong Bike, Chongqing Zhanguo Technologies Co. Ltd, announced on June 13 […]