Future of dockless bicycles under a cloud amid concerns there are too many bikes and not enough demandAt first glance the photos vaguely resemble a painting. Just two days after China’s number three bike sharing company went bankrupt, a photographer in the south-eastern city of Xiamen captured a bicycle graveyard where thousands have been laid to rest. Play Video 1:30 Peak bike: are China's dockless cycles becoming a public nuisance? - videoBluegogo’s bankruptcy last week sparked questions about the future of dockless bike sharing in China, amid concerns there are too many bikes and insufficient demand. Facebook Twitter Pinterest A mechanic from bike share company Ofo stands amongst damaged bicycles needing repair in Beijing.

Source: The Guardian November 25, 2017 03:45 UTC