IPO prospectus of Meituan-Dianping, which owns Mobike, said that the Chinese bike-sharing service had 48.1M active bike users, 7.1M active bikes as of April 30 (Tim Culpan/Bloomberg)

Tim Culpan / Bloomberg:
IPO prospectus of Meituan-Dianping, which owns Mobike, said that the Chinese bike-sharing service had 48.1M active bike users, 7.1M active bikes as of April 30  —  The prospectus paints a much different picture.  —  A year ago the world was beset by a bicycle rental craze that resulted …

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