Two dockless bike-sharing services, Locobike and Helloride, are competing for users in Hong Kong, offering different features and experiences for local riders.

Over the past year, retired economist Thomas Yuen Wai-kee has used shared bikes operated by Locobike and Helloride a few times each month to go on leisure rides in Hong Kong. So far the 62-year-old, a former assistant economics professor with Hong Kong Shue Yan University, has enjoyed their services, saying the two dockless shared bike operators offer different experiences. “Locobike provides more support on local trips, such as a map and recommendations. Since it is local, it looks more...