By CGTN's Wang Dong
As the latest example of the sharing economy in China, bike-sharing is gaining rapid popularity. However, problems such as business management, policy regulation, and unruly behavior by users are rising at the same time.
March 4th, a man uses his cell phone to rent a shared bike in Nanjing, Jiangsu province / CFP photo
Compared with the spotty development of ride-hailing services, bike sharing has enjoyed easier and faster growth. Yi Min, Chief Advisor China Business of MTR, explained what he thinks may be the reason in an interview in "Dialogue with Yang Rui."
“I think this idea is great. It’s a great supplement to the public transportation system and serves people's personal needs.”
According to the 21st Century Business Herald, transactions in China's sharing economy saw a growth of 103 percent in 2016. In the coming years, it’s likely that China's sharing economy will maintain an average annual growth of about 40 percent. With Mobike as the latest example of the sharing economy, Kingston Chang, the CMO of the company, discuss their understanding of the notion.
“What we have done is use technology to create a scale and create the manageability behind the scene, and also use smart solutions so that people can enjoy it.”
Both guests believe bike sharing has bright prospects, not only in China, but in the rest of the world.
