BEIJING Rob Holding Arsenal Shirt , Oct. 30 (Xinhua) -- China's bike-sharing company Youon reported a profit surge for the first three quarters on Monday.
Changzhou Youon Public Bicycle System Co generated revenue of 751 million yuan (113 million U.S. dollars) in the first three quarters, up 44.11 percent year on year.
The company reported a net profit rise of 9.38 percent, to 79.27 million yuan from January to September, according to a quarterly report filed with the Shanghai Stock Exchange.
Youon saw its fixed assets surge 496.8 percent from the beginning of the year to 114 million yuan by the end of the third quarter, as the company increased its number of shared-bikes.
Youon went public on the Shanghai Stock Exchange on Aug. 17 this year Ainsley Maitland-Niles Arsenal Shirt , the first initial public offering by a bike-sharing company.
Its shares soared by the daily limit on the first trading day, and for the following 10 trading days.
The success of Youon's IPO was epitomized by changes to China's economy, displaying the new momentum of Internet-based, innovation-driven businesses.
Youon and its more prominent rivals, Mobike and ofo Pierre-Emerick Aubameyang Arsenal Shirt , have shaken up the traditional transportation industry. Whizzing down the street on colorful bicycles, not cars, is the fashion today.
China's bike sharing market is expected to rake in 10.3 billion yuan in revenue this year, a 736 percent increase from 1.2 billion yuan in 2016, according to a report from iiMedia Research.
It estimated the number of shared-bike users in China will hit 209 million this year Stephan Lichtsteiner Arsenal Shirt , compared with 28 million last year.
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Some of these skateboard accessories are essential and must be bought by all skateboarders while the others are optional. With the proliferation of several brands in the market, the options in terms of color, design, comfort and style have become endless for the skateboarders. So go ahead and get your skateboard accessories now for a complete skateboarding experience.
MADRID Henrikh Mkhitaryan Arsenal Shirt , Nov. 10 (Xinhua) -- FC Barcelona expanded their lead at the top of the Spanish La Liga to five points as they thrashed bottom club Betis 4-1 on Sunday.
Goals from Neymar, Pedro Rodriguez and two strikes from Cesc Fabrigas gave the Catalans a convincing win away in Betis who got a last minute consolation goal from the penalty spot from Jorge Molina.
Barca should be grateful to goalkeeper Victor Valdes who pulled off a couple of exceptional saves before they found the net of home team, but the Spanish giants paid a price for the triumph when Leo Messi had to be replaced by Andres Iniesta after just 23 minutes.
Messi suffered a hamstring injury in his left leg, just five games after overcoming his last muscle problem and will need the international break to recover.
Second place Atletico Madrid lost points in their visit to Villarreal's El Madrigal Stadium with a 1-1 draw against the side, which ranked fourth in the table.
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