BUSINESS Beijing caps shared bikes at 800,000 in urban districts

BUSINESS

Beijing caps shared bikes at 800,000 in urban districts

Xinhua

18:46, April 14, 2021

File photo: AFP

BEIJING, April 14 (Xinhua) -- Beijing will cap the number of shared bikes in its six urban districts at 800,000 this year, according to the Beijing Municipal Commission of Transport on Wednesday.

Major bike-sharing service providers such as Meituan Bike, Hello Global, and Qingju under China's ride-hailing giant Didi Chuxing, have respectively vowed to limit their numbers of bikes in service in Beijing's urban areas to 400,000, 210,000 and 190,000.

The move aims to create a fair, open and competitive environment for the bike-sharing industry, the commission noted.

Shared bike operations are also encouraged in suburban areas, and the number of bikes put into service should be determined by relevant district governments, it added.

In 2020, a total of 844,000 shared bikes were registered in Beijing, with 690 million rides taken. The average daily number of rides was 1.89 million, an increase of 13.4 percent from 2019.

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