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China’s cycling start-ups pedal toward profits amid fierce competition

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China’s bike-sharing market is booming amid fierce competition. Two leading start-ups, Ofo and Mobike, have both raised hundreds of millions of dollars in US venture capital. However they have different business strategies for managing their bikes, as they struggle to make a profit. CGTN's Han Peng has more. Subscribe to us on YouTube: https://goo.gl/lP12gAWatch CGTN Live: https://www.youtube.com/watch?v=L2-Aq...Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvn...Download our APP on Google Play (Android): https://play.google.com/store/apps/de...Follow us on:Facebook: https://www.facebook.com/ChinaGlobalT...Instagram: https://www.instagram.com/cgtn/?hl=zh-cnTwitter: https://twitter.com/CGTNOfficialPinterest: https://www.pinterest.com/CGTNOfficial/Tumblr: http://cctvnews.tumblr.com/Weibo: http://weibo.com/cctvnewsbeijing

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CCTVNews News CGTN Breaking Politics ChinaNews WorldNews cycling Mobike Ofo competition fierce US booming start-ups
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