In Shanghai, Uber for bikesharing lets cyclists drop off anywhere

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The Parisian Vélib', London’s “Boris Bikes” and New York's Citi Bikes: municipal bicycle sharing systems are nothing new. In fact, the number of cities worldwide offering such services is edging up towards a thousand. But the aforementioned schemes all have one fundamental drawback — the freedom of the vehicles are undermined by the need to return it to a set location. Now, a system in Shanghai is offering riders the chance to lock and leave bikes anywhere they choose. Founded by former Uber employee Davis Wang, Mobike takes advantage of technology to enable free cruising. Like Uber, Mobike works through…

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