People stole nearly all of the bikes belonging to a shared-bike startup, so it had to close down


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All of these vandalised bikes have been going to drive one in every of China's bike-sharing corporations out of enterprise ultimately. That point has come. 

Wukong Bike — one in every of an estimated 30 bike-sharing startups in China — has closed after a mere six months of operations. It had no selection: it misplaced almost 90 percent of its bicycles to mischief and theft. 

The corporate had a fleet of 1,200 bicycles within the metropolis of Chongqing.

A rare group photo of the bicycles.

A uncommon group photograph of the bicycles.

Picture: Wukong bicycle/Weibo

Like lots of its rivals, Wukong provided bikes for lease beneath the Uber mannequin of "sharing" a motorcycle — seize one off the road, unlock it with an app, and easily depart it by the aspect of the road at your vacation spot. Read more...

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