On the western outskirts of Tianjin, a port city near Beijing, idle workers at a bicycle factory reminisce about better days.
“Even last year, shared bikes were all the rage, but we get no orders any more,” said one of the managers at Luoda Bicycle in the Tianjin suburb of Wangqingtuo, a Mr Xue, adding that the hot item this year was electric scooters.
“With so many shared-bike companies going bankrupt, who could be ordering new shared bikes now?” said Ling Yang at Mingzhou Bicycle. His neighbour, once a manufacturer for ofo and now-shuttered Bluegogo, shut up shop last year.
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