There's a lot of cheap money floating around in China as well. This is funding business models like that of Ninebot, who is the manufacturer for a lot of these

There's a lot of cheap money floating around in China as well. This is funding business models like that of Ninebot, who is the manufacturer for a lot of these cheap scooters. Another Chinese company that had a similar business model is Ofo, which essentially went bankrupt a few months ago after raising over $2B in funding for dockless bikesharing.