July 20, 2017

Bicycles are eating the lunch of China’s dominant car-sharing app

Didi Chuxing logo
By Didi Chuxing (http://www.xiaojukeji.com/index/index) [Public domain], via Wikimedia Commons

Didi Chuxing last year beat the car-sharing business model’s pioneer Uber Technologies at its own game, and bought out the New York company’s China business to become the dominant app for hailing taxis or sharing a ride in the world’s most populous country.

Less than a year on, Didi’s dominance is being challenged by an unlikely source — about 40 smartphone apps that have sprouted in major Chinese cities since late 2016 for commuters to share bicycles.

Yes, bicycles. The two-wheel conveyance has become the most popular means of last-mile transportation from subway stations and bus terminals to final destinations. Users can pick them up anywhere, leave them anywhere, often for as little as 1 yuan per hour, sometimes for free, and occasionally — depending on promotions — receive cash prizes.

The change in transportation means monthly savings of 500 yuan (US$73), about 5 per cent of the salary of Freddie Tian, who works at an office in Futian district […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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