Bike-share startup seeks permits

Chinese bike-share startup Bluegogo, which had planned to fill San Francisco's public bike racks with rental bicycles, is seeking permits after drawing backlash from city leaders.

The Beijing-based company has recently faced resistance in its first US market - San Francisco, which is home to other share-economy innovations like Uber, Lyft and Airbnb.

Different from other bike-share programs, Bluegogo's bikes are equipped with smart locks and GPS systems, which allow riders to locate and unlock the bikes using their smartphones and leave them at any public bike rack without locking. The service costs only 99 cents per half hour.