HONG KONG, July 11, 2017 /PRNewswire/ — Cleantech Solutions International, Inc. (“Cleantech Solutions” or “the Company”) (NASDAQ: CLNT) today announced that it has launched a global bike sharing app service and joined together with local sharing bike operators in Hong Kong.
According to a Roland Berger Strategy Consultants study, the global bike sharing market is expected to be worth up to 5.3 billion euros by 2020. Roland Berger expects digitization and strategic partnerships will shape the market.
“China’s bike-sharing market is booming and expected to grow from $1.5 billion in 2017 to $3.5 billion by 2019, contributing a large part in the development of the global bike sharing market, thanks to its low cost, flexibility, and environmentally friendly nature. We envision our platform as a place where smaller operators and even individual owners, can participate in the bike sharing economy. Integrating with ECrent.com, our bike sharing partners and individual bike owners will have access to the sharing economy platform’s 30 million unique users per month from around the world. We believe our new bike sharing platform will appeal to bike sharing operators and consumers alike,” said Parkson Yip, COO of Cleantech Solutions.
About Cleantech Solutions International
Cleantech Solutions, through its affiliated companies, designs, manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry. The Company’s latest business initiatives are focused on targeting the technology and sharing economy markets in China.