Editor’s note: A version of this post first appeared on Yicai Global, the English-language financial news service of Shanghai Media Group. Yicai Global is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal.

Beijing’s Traffic Management Bureau said it is keen to put a stop to the shared e-bikes recently found on the city’s roads, as they are not licensed and are a safety risk.

Local firm Meichemei Business Consulting Co. placed the 50 yellow Xiaomi e-bikes, which can be rented by scanning QR codes in a similar manner to bike-sharing platforms, around subway station entrances in the city, state-owned news agency Xinhua reported.

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Yicai Global

Yicai Global is the English-language financial news service of Shanghai Media Group and is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal.