China's homegrown BeiDou Navigation Satellite System, which is currently used for weather and earthquake forecasts, land surveys and mapping as well as for navigation of taxis, buses and trucks, has found a new home in the bike-sharing sector as companies are using the technology for better operations and user experiences.

Bike-sharing companies have started using the system in a big way after the final satellite in the BeiDou navigation system was launched last week. Shanghai-based bike sharing company Hello Global has brought all its sharing bikes under the BeiDou umbrella, while Qingju Bike, owned by ride-hailing major Didi Chuxing, has put into operation shared bikes using the BeiDou services in Shenzhen of Guangdong province, Wuhan of the Hubei province and Beijing. Meituan Bike (formerly Mobike) has established an internet of things platform with millions of shared bikes backed by the BeiDou technology.

Li Kaizhu, co-founder and executive-president of Hello Global, said: "The application of the BeiDou system is the first large-scale attempt in the shared travel sector. It will help shared bicycles better integrate into the urban public transportation ecology."

The BeiDou network will help users park vehicles in an orderly manner as the technology will prioritize the parking order of vehicles on municipal roads, he said.

Hello Global has launched "designated return spot" mode in Shenzhen, requiring all shared bikes to be parked in designated zones for locking the bikes. Currently, the ratio of "designated return" of bikes surpassed 95 percent.

"The mode has effectively improved vehicle parking, and lowered management costs for government and enterprises. By using BeiDou, we are able to manage bike distribution more precisely," Li said. In addition, it also helps the company to gauge bike requirements and relocate its resources accordingly, he said.

Technicians can use the BeiDou system for real-time management of road vehicle information in the background and effectively control traffic tides, ride hotspots and vehicle accumulation, said an official from Qingju Bike.