Aiming at the problem of “last mile” of urban public transport, the shared bicycle a personal transportation tool has been put into operation in Shanghai since 2016. This paper analyzes the current situation of bike sharing industry to determine whether it optimizes existing travel pattern including other major means of transportation in Shanghai. Data was collected from shared bike stands in Shanghai during January of 2019 to prove the dependence between the number of bikes and time period during a weekday. Through discussing the “last mile” problem, current earnings performance and allocation vs. usage pattern, this paper believes that this industry is of sustainable development if improvements can be made on profit and allocation.