Shanghai, China - February 18, 2017: Parked bicylces of bike-sharing companies Mobike (red) and Ofo (yellow)
Chinese technology companies are frequently defined by their US counterparts.
Youku is called China’s YouTube’. Renren is China’s Facebook’. Baidu, a search engine, is usually explained to foreigners as the mainland Google’. Alibaba has been compared to eBay, Amazon and PayPal.
But there is at least one industry where Chinese entrepreneurs are setting trends for the rest of the world to follow.
Two Chinese bicycle-sharing companies,...