Business of sharing bikes booming in China

Hosts: Li Ningjing and Sam Duckett.

Ofo and mobike are two major bike-sharing brands in China. [Photo: xinhuanet.com]

The booming bike-sharing industry has had a polarizing effect on Chinese bicycle manufacturers, with big companies going full steam to churn out millions of bikes every month, and smaller firms dying due to a lack of orders.

At factories of Flying Pigeon, a bike maker in Tianjin Municipality, production lines are going full throttle.

Zhang Jinying, Flying Pigeon's general manager says the company started to hire more workers at the end of last year. They have added at least 100 workers and are hiring more. The company is a supplier for Ofo, one of the biggest bike-sharing services, whose two-wheelers are commonly known as "the yellow bikes" among Chinese city dwellers.

Why the bike sharing business is booming so fast in China? 

Take a listen to the discussion on Studio+, a daily talk show produced by China Plus.