Future of dockless bike sharing under a cloud amid concerns there are too many motorcycles and not sufficient demand
At first glance the photos vaguely resemble a paint. On closer inspection it might be a giant sculpture or some other art project. But in reality it is a mangled piling of bicycles covering an region approximately the size of a football pitching, and so high that cranes are needed to reach the top; cast-offs from the boom and bust of China’s bike sharing industry.
Just two days after China’s number three bike sharing company went bankrupt, a photographer in the south-eastern city of Xiamen captured a bicycle graveyard where thousands have been laid to rest. The pile clearly contains thousands of bikes from each of the top three companies, Mobike, Ofo and the now-defunct Bluegogo.
Once hailed as” Uber for bikes “, China’s cycle hire startups allowed users to unlock GPS-enabled motorcycles with their smartphone, and drop them off anywhere without the need to park it at a dock.