The bike-sharing system in the southern Chinese city of Hangzhou makes even the most developed systems in the US and Europe look like small potatoes by comparison. The 51,500-bike system, in a city of almost 7 million people, averages 240,000 trips every day — and reaches peaks of 320,000 trips in a day.
A few quick lessons can be gleaned from this impressive program:
- Use appropriate pricing incentives. In Hangzhou the first hour is free, the second hour is 1RMB (only 15 cents!), the third hour is 2RMB (30 cents), and each hour after that is 3RMB (45 cents).
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