This Chinese bike-sharing firm has put 70,000 bicycles on the streets in just a month

There’s a saying that everything in life comes full circle. In southern China, that is more apparent than ever as a new crop of start-ups battle to update what was once the icon of pre-economic reform China: the bicycle.

In the past year, Tencent-backed Mobike and Xiaomi-backed ofo have been locked in a battle for bicycle-sharing supremacy — dumping tens of thousands of two-wheelers onto Chinese city streets. 

Now, a third company, Bluegogo, has entered the fray.

SEE ALSO: These connected electric bicycles are set to run on Singapore's roads by 2017

Compared with the 600 or so other bike-sharing providers that the world has seen though, these Chinese startups are making them look downright primitive. Read more...

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