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The analyst haus also put Simcom's success down to the domestic Chinese IoT market; in particular, Simcom's wins in the connected bicycle world (think of urban pushbike rental schemes).
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And a lot of them ended up here http://www.theguardian.com/uk-news/2017/nov/25/chinas-bike-share-graveyard-a-monument-to-industrys-arrogance
Might not be so successful next year...