How Jack and Pony Ma are fueling China’s mindless bike-sharing spending spree

Jack Ma, Chairman of Alibaba Group, attends a show during Alibaba Group's 11.11 Singles' Day global shopping festival in Shanghai, China, November 10, 2017. REUTERS/Aly Song

For at least the second time in five months Alibaba Group Holding Ltd. appears to be pouring money into China’s bike rental market.

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