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Hey! Hellobike offers a deposit-free ride in Kunming

By : InKunming | Published: 2018-March-22

[InKunming--Kunming] Here comes a great news about bike sharing. Hellobike offers a deposit-free ride in Kunming from now on to those with a 650-point score on Zhima Credit.

In fact, a total of 34 bike-sharing companies have closed down one after another, leaving a question that more than one billion yuan of the deposit cannot be returned back to riders.

Hellobike has announced that those with a good credit can enjoy a deposit-free riding on March 13th. At present, over 10 bike-sharing enterprises own a partnership with Alibaba-backed online credit scoring platform Zhima Credit, according to the Zhima Credit data.

“The unhealthy way to balance the budgets of running a company will be replaced soon. It will make other enterprises with stressful deposit request.” An insider pointed out that deposit-free ride could be a standard for shared bikes even in sharing economy field.

Although Hellobike came in the market after Ofo or Mobike, it is the pioneer to offer a deposit-free ride. As a result, more than 700,000 people have registered online to 25,000 bikes in the market. Sun Yihan, the director of Hellobike in Kunming said, “it highlights the importance of credit guarantee system under the framework of Internet economy. Initially, some people’s Zhima Credit may not reach a score at 650 points, but it can be easily to reach this level after using for a while.”

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(Editors: Rachel, Christine)

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