Revival of pedal power as bike-share apps race for worldwide glory

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.

"We are focused on how to make the small bicycle have a big impact," said Davis Wang, CEO of Mobike, which laun…