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RE: Chinese Bikeshare Bubble Burst: Bluegogo Founder Fleds The Country
China and India need to take some strong steps to fight again pollution. It was great step sadly didnt end well
China and India need to take some strong steps to fight again pollution. It was great step sadly didnt end well
It didn't go well for Bluegogo, but the Chinese bikeshare per se has become extremely popular in preceding two years. It's all because of the bikeshare explosion. Unfortunately, the industry grew too fast and too much, and was flooded with venture capital. So a market correction was going to happen. After the dust settles down bikeshare is destined to become an essential ingredient of Chinese society.
The industry is now going through a consolidation. The big two: Mobike and Ofo, realize they can't go it alone, so the merger talks are underway as we speak.