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A point cloud is a simple and concise 3D representation, but point cloud generation is a long-term challenging task in 3D vision. However, most existing methods only focus on their effectiveness of generation and auto-encoding separately. Furthermore, both generative adversarial networks (GANs) and auto-encoders (AEs) are the most popular generative models. But there is a lack of related research that investigates the implicit connections between them in the field of point cloud generation. Thus, we propose a new bidirectional network (BI-Net) trained with collaborative learning, introducing more priors through the alternate parameter optimizations of a GAN and AE combination, which is different from the way of combining them at the network structure and loss function level. Specifically, BI-Net acts as a GAN and AE in different data processing directions, where their network structures can be reused. If optimizing only the GAN without the AE, there is no direct constraint of ground truth on the generator's parameter optimization. This unique approach enables better network optimization and leads to superior generation results. Moreover, we propose a nearest neighbor mutual exclusion (NNME) loss to further homogenize the spatial distribution of generated points during the reverse direction. Extensive experiments were conducted, and the results show that the BI-Net produces competitive and high-quality results on reasonable structure and uniform distributions compared to existing state-of-the-art methods. We believe that our network structure (BI-Net) with collaborative learning could provide a new promising method for future point cloud generation tasks. [ABSTRACT FROM AUTHOR]