Shared-bike company sued over slow refunds

A consumer watchdog group in Guangzhou, Guangdong province, is suing a shared-bike company over accounting irregularities and delays in refunding users' deposits.

The Guangdong Consumer Council is demanding that Yueqi Information Technology Co, the company behind Xiaoming bikes, deliver refunds to customers more quickly and increase transparency.

It is believed to be the first public-interest litigation involving shared bikes.