Revival of pedal power as bike-share apps race for worldwide glory
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Shanghai
UNLOCK them with an app, drop them off anywhere, and nip past lanes of stationary car traffic: the humble bicycle is seeing a revival in China as a new generation of start-ups help tackle urban congestion and pollution with fleets of brightly coloured two wheelers.
The bike-share concept has attracted huge venture capital as fledgling firms wrestle for market share. Such has been the success of this made-in-China business model, which is using smartphones to reignite the nation's passion for cycling, companies are hatching plans to export the idea worldwide.
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