Bike rental firm applies the brakes
By Yang Wanli | China Daily | Updated: 2010-11-09 08:02
It's the end of the road for Fortune, one of the city's largest bicycle renting companies.
The business shut up shop this week, selling off thousands of its bikes for 50 yuan a piece and pulling the plug on its 200-plus bicycle renting outlets, Mirror Evening News reported on Monday.
"The broken bikes sold for even less. They went to recyclers for 20 yuan each," said a branch manager surnamed He.
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