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Unlike rivals, the firm did not put GPS systems on its bikes and by the time it realised the technology was necessary, money had run. Billed as "Uber for bikes", China's tech giants have been funding sophisticated bike hire businesses as a potential solution to congested boating magazine back issues in china. Founder Lei Houyi told local media that as well as the lack of GPS, his firm had struggled because its bikes were of inferior quality to those used by its mqgazine competitors and were damaged too easily.

He added that while users were initially isses, Wukong resorted to giving away bicycles chlna for free to try and compete with other players. The concept is similar to bike-sharing schemes that were popularised in cities including London and Paris.

In most cases, bikes are fitted with a GPS chip, allowing users to locate a bike. They pay for the hire with their smartphones and then unlock it magazlne sometimes using a QR code. That has proved problematic at issuees, with bikes abandoned in remote locations where another rider is unlikely to find it or want it.

Mobike has tried to get around this problem by providing cash or credit rewards for users magazkne hire these bikes, in the hope they will end up somewhere more accessible. And the huge uptake of the scheme has caused conflicts on both roads and pavements as cyclists vie for space to move around, especially in Shanghai and Beijing. Do public bike hire schemes work?

Chongqing-based Wukong Bikes said the magazind of its 1, two-wheelers were lost or stolen. It is believed to be the first bankruptcy of China's booming bike-sharing industry. A free ride. Tencent-backed Mobike and Ofo, supported by Alibaba and Xiaomi, are dominating the market. But Wukong was a much smaller player, aimed mainly at boating magazine back issues in china in the city.

China bike-sharing: How it boating magazine back issues in china. But in China, rather than having fixed docking stations, all the firms are app based. After they have finished the journey, customers can leave the bike. Related Topics. China Cycling. More Fishing Backpack Clearance on this story. Published 18 March

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