Chinese bike share graveyard a monument to industry's 'arrogance'

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Future of dockless bicycles under a cloud amid concerns there are too many bikes and not enough demand

At first glance the photos vaguely resemble a painting. On closer inspection it might be a giant sculpture or some other art project. But in reality it is a mangled pile of bicycles covering an area roughly the size of a football pitch, and so high that cranes are need 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.

Related: Anger as Chinese bike sharing firm shuts up office with riders’ deposits

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Source: china
Link : Chinese bike share graveyard a monument to industry’s ‘arrogance’

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