Over the past decade more and more cities around

Summary

Over the past decade, more and more cities around the globe have adopted so called bike-sharing systems, which enable citizens and visitors to pick up bicycles at some point in the city, use them and leave them at another point in exchange for a small fee.⠀ ⠀ Bikeshares are a terrific opportunity for cities. They can help reduce car travel and parking demand, increase physical activity while providing extremely economical transport – historically 10-20% of the cost of a transit pass.⠀ ⠀ The 2 biggest bike sharing companies in China, Mobike and Ofo, can now complete a combined 50 million rides per day. They each boast 100 million registered users, offer their services in more than 100 cities and operate a combined fleet of more than 12 million bicycles.