The public spat between Tencent’s CEO Pony Ma and GSR Ventures managing director Zhu Xiaohu over who is the most popular bike rental platform has added fuel to China’s already heated bike rental industry. The discussions between investment moguls make it difficult for onlookers to dig up into the correct figures in the burgeoning market. Even the companies themselves found this a challenging task.

7Park Data, a research firm based in New York, recently released its observation together with insights on China’s bike rental market. According to 7Park Data, ofo is leading the race with a 65% market share.

Modern bicycle sharing systems are effective and convenient in solving the “last kilometer” problem in urban China, which has witnessed a decade-long recession of bicycles as a means of transportation due to the popularity of private cars. The bike rental boom is reigniting users’ passions for bicycles while both companies claim to operate an average of 20 million daily rides. The report pointed out that riders are spending an average of around one hour on both ofo and Mobike as of May 2017 – up from an average of 25 minutes earlier this year.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.