From commuting to craze: China’s billion-dollar bicycle market
Since the introduction of the two-wheel pedal bicycle from France to China in 1868, bicycles have been establishing a significant presence within Chinese society. This enduring popularity of bicycles persists to this day. In 2022, the sales manager of Giant’s bicycle shop in Beijing said that the sales of bicycles increased by about 30%. This […]
Mobike and Ofo: Reinventing the Bike-Sharing Business Model in China
The bike-sharing market in China has a broad customer base, a verifiable business model, and good operating cash flow. It is one of the most popular investment areas in the primary market in the past few years. The rapid influx of capital has accelerated the evolution of the industry and has directly increased the competition. [Data […]