Between 2015 and 2018, China experienced a bike sharing boom before a dramatic collapse. Tens of millions of bicycles were abandoned on loose terrain, forming multicoloured "mountains" visible from the air. Ofo, the leader of the sector supported by giants like Alibaba, collapsed under the weight of its debts and the absence of real demand. More
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Between 2015 and 2018, China experienced a bike sharing boom before a dramatic collapse. Tens of millions of bicycles were abandoned on loose terrain, forming multicoloured "mountains" visible from the air. Ofo, the leader of the sector supported by giants like Alibaba, collapsed under the weight of its debts and the absence of real demand. More