Another Chinese bike-sharing firm goes bust as Mingbike fires 99% staff

Another Chinese bike-sharing firm goes bust as Mingbike fires 99% staff

Photo: Mingbike

It’s not good news for the China biking industry that had been investors’ favourite so far.

After the collapse of two firms – Bluegogo and Coolqi – in the recent past, things look bad at Mingbike as well that has fired 99 per cent of its staff, reported the South China Morning Post on Friday. Some of them weren’t even paid salaries for several months, it said.

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