Another Chinese bike-share company appears to have gone bust

A child rides past bicycles from bike-sharing companies parked along a sidewalk in Beijing. Photo: Andy Wong / AP

Mingbike, a Chinese bike-share company, appears to have shut down. Some laid-off employees have complained via social media that they haven't been paid in months, while users have been unable to receive deposit refunds.

Why it matters: Because this is the third Chinese dockless bike-share startup to go bust in recent months, following Bluegogo and Coolqi.