My understanding is that bike-share companies in China (unlike how they operate in the US) require a deposit when you sign up for an account. Everybody dumped 1

My understanding is that bike-share companies in China (unlike how they operate in the US) require a deposit when you sign up for an account. Everybody dumped 100 RMB or what have you into their accounts at the outset Meaning that starting a company like this is essentially a scheme for scamming a massive infusion of liquidity: you raise funds, collect deposits, and then you either decamp for the Bahamas, or you invest your cash in the stock market and let the bikes rot. We were surprised, upon moving back to the US, that the bike-share companies here don't charge a deposit.