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[eds]

Dubbed “Uber for bikes”,
. . . they are the product of a whole host of new startups,
. . . aggressively competing for territory and investment.

The way it works is simple enough in theory.
. . . Users download an app,
. . . that tells them where to find a cycle,
. . . which they unlock by scanning a QR code on their phones,
. . . or using a combination they are sent.
Unlike traditional rental services, however,
. . . which require bikes to be returned to a fixed docking station,
. . . riders are free to leave the bikes wherever their journey ends.

Mobike alone has flooded the streets of
. . . 18 Chinese cities, with what is thought to be more than
. . . 1,000,000 new bikes.

7-6-2017 Source:  #bike sharing: China's 'dockless'