#The Bike-Share Oversupply in China. Huge Piles of Abandoned and Broken Bicycles.

#Last year, bike sharing took off in China, with dozens of bikeshare companies quickly flooding city streets with millions of brightly colored rental bicycles. However, the rapid growth vastly outpaced immediate demand and overwhelmed Chinese cities, where infrastructure and regulations were not prepared to handle a sudden flood of millions of shared bicycles. Riders would park bikes anywhere, or just abandon them, resulting in bicycles piling up and blocking already-crowded streets and pathways #As cities impounded derelict bikes by the thousands, they moved quickly to cap growth and regulate the industry. Vast piles of impounded, abandoned, and broken bicycles have become a familiar sight in many big cities. #As some of the companies who jumped in too big and too early have begun to fold, their huge surplus of bicycles can be found collecting dust in vast vacant lots. Bike sharing remains very popular in China, and will likely continue to grow, just probably at a more sustainable rate. Meanwhile, we are left with these images of speculation gone wild-the piles of debris left behind after the bubble burst.
#A worker rides a shared bicycle past a huge pile of unused shared bikes in a vacant lot in Xiamen, Fujian province, China, on December 13, 2017.
#Because of overcapacity at launch, over 10,000 bike-share service bicycles were abandoned at a bicycle graveyard on January 13, 2018, in Xiamen, Fujian, China.
#Shared bikes stored and piled in Shanghai on February 1, 2018.