Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.
GGV Managing Partner Jixun Foo discusses the return to a more rational investment approach in China.
China’s bike rental industry has experienced a roller coaster over the past 3 years. At its height, there were nearly 80 bike rental startups in the market, brightening the streets with a rainbow of bikes. But in the fast-paced tech world, trends come and go quickly. Within a year, over 20 bike startups failed, including […]