Cheetah Global has come out with freshly-minted statistics on the state of the bike rental economy in the world. Public bicycles were first started in Europe but have seen their biggest success in the East starting from China’s dockless bike systems ofo and Mobike.

According to the global distribution of active users gathered by Cheetah Big Data, Asian regions dominated by China and Singapore are the most popular areas for renting bicycles. European and the US market are beginning to see bikes pick up.

There is much more room to grow in the international market. Bike sharing started its globalization in March 2017 with ofo and Mobike spreading their wings. Since then they have recorded a whopping weekly penetration rate of 2440%.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.