Standards set to regulate shared bikes
Print Edition
A SET of standards was released yesterday to regulate China’s bike-sharing industry.
Shanghai and Tianjin have drafted regulations to take effect on October 1. Companies, including Mobike and Ofo, will adhere to standards on production, operation, and maintenance of shared bikes.
The regulations specify a service life of three years for all such bikes and demand companies hire at least one maintenance employee for every 200 bikes.
The rules also regulate management of deposits, handling of customer complaints and compensation for users.
More than 10 million shared bikes are on the streets of Chinese cities, operated by over 30 companies.
Between them, Mobike and Ofo take up more than 90 percent of the market.
According to China's E-commerce Research Center, there were 18.86 million people using shared bikes at the end of last year, compared with 2.45 million in 2015.
The regulations stipulate that deposits and advance payments should be returned less than seven days after a request.
Before a bike-sharing operator goes out of business, it should submit a plan to local authorities, notify its users and explain how money will be returned, said the regulations.
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