China / Mo­bike / 35

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Hu Wei­wei has brought bikes back to China’s au­to­mo­bile-clogged roads. Few start-ups have changed the coun­try as much in re­cent years as Mo­bike, which was founded in 2016. Each day, 23 mil­lion shared bikes roll along China’s streets and roads. Reg­is­tered users to­tal 400 mil­lion na­tion­wide. China now has more than 70 bike shar­ing com­pa­nies which gen­er­ate 35 bil­lion dol­lars in rev­enue each year and have cre­ated 390,000 new jobs. Hu had worked as an au­to­mo­tive jour­nal­ist for 10 years be­fore launch­ing her idea, which China’s state me­dia is call­ing “one of the four great in­ven­tions of the 21st cen­tury.” Mo­bike is cur­rently es­ti­mated to be worth 3.7 bil­lion dol­lars.

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