Sharing bikes in China

China's bike-hire companies have 16 million bikes on the streets and employ about 100,000 people, according to a report released by the State Information Center.

According to the report, each day around 50 million rides are taken, so each bike is used around three times on average.

As of the end of June, there were 106 million shared bike users in China, accounting for 14.1 percent of all internet users.

The report said of the 100,000 jobs, 70,000 were newly created during H1, about 1% of new jobs in urban areas during the period.

With leading market players such as Mobike and ofo expanding, both domestically and abroad, authorities have been firm in regulating the industry.

A guideline released in August stipulated that users must register under their real names, and providers are banned from offering services to children under the age of 12.

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