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Alipay app unlocks 6 bike-sharing services
Published on: 2017-05-02
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051Bicycle riders in China are benefiting from a new deal in the country's burgeoning bike-sharing sector as six players team up with popular mobile payment tool Alipay.

The 450 million users of Alipay can now access the bike-sharing services of the companies - ofo, Bluegogo, Youon, Hellobike, funbike and U-bicycle - via its mobile app, to keep from having to download each company's app and pay deposits in order to ride.

The service is available in 50 cities and connects Alipay with about 6 million bikes, over half of all the shared bikes in China, Ant Financial, owner of Alipay, said in a statement.

The move is a counterpunch to WeChat, the messaging-to-payment app that inked a similar deal with bike-sharing company Mobike in March. Alipay and WeChat are locked in fierce competition to win the offline payment market.

Under the partnership,Alipay will also provide insurance for each rider who accesses the service via its app.

Many college students and even professionals in China are returning to bicycles as a favorite transportation tool for short-distance travel, and a number of startups are scrambling to enable users to borrow and return bikes virtually anywhere at anytime.

Archrivals ofo and Mobike are backed respectively by Ant Financial and Tencent, which owns WeChat.

Zhang Xu, a transportation analyst at Beijing-based Analysys, said WeChat and Alipay hope the alliances will expand the offline use of their mobile payment services.

Customers who use the six companies' own apps can still choose WeChat as the payment tool, Zhang said.

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