The biggest problem with dockless shared bikes is oversupply, combined with little or no user accountability.

Too many get dumped in popular locations, or worse, they get replaced without any concern for the existing bikes.

In Shanghai, there are far fewer rental bikes now, compared to a year ago, mostly because there were regulations put in place limiting the amount of bikes any company can put on the streets at any given time.

Maintenance is still non-existent, companies here prefer to replace than repair.