More like less-bike.
Ofo had just announced it was leaving D.C. when Mobike announced it would also be leaving the market last Wednesday. "Both companies operate millions of bikes in China and Europe, but in the United States, they have encountered regulatory challenges that they say have impeded their growth," Luz Lazo writes for The Washington Post. Mobike officials say they were not allowed enough bikes to effectively serve the area they were hoping to cover. Dockless bike share only works when riders know they will be able to find bikes when they need them, they argue.
This is not the end for the company, which says they are expanding in other markets. "Mobike staff are picking up any bikes left in D.C. streets this week and relocating them to other markets. Mobike is still operating in San Diego, Charlotte and the Houston suburbs.
FULL STORY: Mobike becomes second dockless bike operator to pull out of D.C.
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