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GPS-based bike rental businesses on rise in China

Many major Chinese cities have been pushing residents to make use of public bike schemes. In Beijing, for example, more than 1,700 hubs and 50,000 bikes were in use by the end of last year. But surveys show that more than 60 percent of users think the system is “not ideal”, with many experiencing difficulties finding a hub, obtaining a user card and even getting a usable bike. Now two start-up companies, Mobike and OFO, are trying to fill the gap with their GPS-based bike-sharing businesses.

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