Gyms in China’s capital city of Beijing were forced to close again, as fears rise over a second wave of coronavirus.
Nayal is hopeful the temporary business pressures will help the industry mature.
Local news often reported that some gyms would make customers buy membership plans of well over a year, in addition to classes, and then close without being able to return the money. The company says it has about 200 million users and 3 million paying members, with revenue primarily coming from consumer products at a scale of 1 billion yuan. It said its smart exercise bikes temporarily sold out as demand soared during the coronavirus outbreak. Keep is also testing out a few offline gyms in Beijing.
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