Later On

A blog written for those whose interests more or less match mine.

Bike-sharing is so popular in China that ride-sharing can’t get traction

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Bikes are better for much city transportation than cars, in many ways: traffic jams don’t affect them, they don’t have to look so hard for a parking spot and when they are parked they take up less room, they are non-polluting, they build cardio exercise into the daily routine and increase fitness overall, and there are some very cool bikes. I just  (very reluctantly) parted with this one:

Of course, there are drawbikes. For example, bike thieves (a worry with a bike such as the above or any really desirable bike) are more common than car thieves (in part because cars have better anti-theft technology). Bike sharing gets around the bike-theft problem (or diverts it to a benign form of “theft” like “borrowing”) but it does not address weather concerns. Moreover, modern cars are highly protective of driver—substantially more protective than bicycles.

Li Tao reports in South China Morning Post:

Didi Chuxing last year beat the car-sharing business model’s pioneer Uber Technologies at its own game, and bought out the New York company’s China business to become the dominant app for hailing taxis or sharing a ride in the world’s most populous country.

Less than a year on, Didi’s dominance is being challenged by an unlikely source — about 40 smartphone apps that have sprouted in major Chinese cities since late 2016 for commuters to share bicycles.

Yes, bicycles. The two-wheel conveyance has become the most popular means of last-mile transportation from subway stations and bus terminals to final destinations. Users can pick them up anywhere, leave them anywhere, often for as little as 1 yuan per hour, sometimes for free, and occasionally — depending on promotions — receive cash prizes.

The change in transportation means monthly savings of 500 yuan (US$73), about 5 per cent of the salary of Freddie Tian, who works at an office in Futian district in Shenzhen.

He’s taken to using the city’s subway again, as the easy availability of shared bicycles lets him cover the 10 minutes from his apartment to the subway with ease. Formerly a frequent Didi user, Tian said he no longer takes the taxi

“I can get up a little later in the morning as I don’t need to worry about traffic jams anymore,” he said.

Tian is hardly alone in ditching taxis or shared car rides for the bicycle. Bicycles as a mode of transportation has doubled to 11.6 per cent of total transportation within a year, from 5.5 per cent, while the ratio by cars has fallen to 29.8 per cent from 26.6 per cent in the same period, according to an April report by Beijing Mobike Technology Co. and Tsinghua University.

The growth trend is explosive. The number of shared bicycle users will more than double to 50 million by the end of 2017, from 18 million at the end of 2016, according to Big Data Research, a Chinese consultancy.

To meet the demand, . . .

Continue reading.

Via the very interesting newsletter Exponential View.

Written by LeisureGuy

11 June 2017 at 2:58 pm

Posted in Business, Daily life

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