Chinese bike-sharing company ofo to enter India

[TaiShang]

Chinese bike-sharing company ofo to enter India
Xinhua, November 30, 2017

Chinese bike-sharing company ofo is set to enter India, the company announced Wednesday.


An agreement has been reached and bikes are being transported to India, according to ofo. The bikes will initially be available in Chennai, Bangalore, Ahmedabad, and Indore. They can be used free of charge with no deposit required until the end of 2017, the company said.

So far, ofo has announced services in 19 countries, with more than 10 million bikes available for 200 million users globally.

Rising from nowhere, China's bike-sharing industry reached a frenzy in less than three years. The two market leaders -- ofo and Mobike -- are both worth more than 10 billion yuan (1.5 billion U.S. dollars).

http://www.china.org.cn/business/2017-11/30/content_50078187.htm

 

[Beast]

I think this is suicidal. Maybe these 2 Chinese companies have really too much money to spare.

 

[Offshore]

I think this is suicidal. Maybe these 2 Chinese companies have really too much money to spare.

they will learn the hard way.

 

[AMG_12]

Here in Malaysia, a Singapore based company operate Obikes. They're quite successful specially in universities and areas of public interest. India with it's huge population will prove to be a good market. Also the renting charges are considerably low.

 

[Offshore]

Here in Malaysia, a Singapore based company operate Obikes. They're quite successful specially in universities and areas of public interest. India with it's huge population will prove to be a good market. Also the renting charges are considerably low.

in india, the bike will end up in recyle market.

 

[AndrewJin]

Suicide....
RIP, ofo.
We still have mobike

Here in Malaysia, a Singapore based company operate Obikes. They're quite successful specially in universities and areas of public interest. India with it's huge population will prove to be a good market. Also the renting charges are considerably low.

Mobike will survive.....
but not in india

I think this is suicidal. Maybe these 2 Chinese companies have really too much money to spare.

This is the problem.
They need to invest in safe cities....

Mobike (Chinese Simplified: 摩拜单车, Móbāi Dānchē), founded and owned by Beijing Mobike Technology Co., Ltd. (Chinese Simplified: 北京摩拜科技有限公司), is a fully station-less bicycle-sharing systemheadquartered in Beijing, China. It is, by the number of bicyles, the world's largest shared (for hire) bicycle operator, and in December 2016, made Shanghai the world's largest bike-share city.[1]

In June 2017, Mobike raised $600 million in Series E funding led by Tencent, bringing the firm's fund raising in 2017 alone to nearly US$1 billion. In the same month, the company is valued at US$3 billion.[2]

On 21 November 2017, Mobike launched its operations in Germany by deploying 700 bicycles in Berlin, making it the 200th city worldwide with Mobike's bicycle sharing operations.

 

[AMG_12]

in india, the bike will end up in recyle market.

I do agree with you, considering the fact that Malaysia is more developed and the people more educated. Lets wait and watch how Indians make use of the service provided.

 

[seesonic]

Will Modi allow this? What happen to made in India?

 

[AndrewJin]

I do agree with you, considering the fact that Malaysia is more developed and the people more educated. Lets wait and watch how Indians make use of the service provided.

this company has tons of cash...
Let them try several hundred bikes.....
Have some lesson

 

[KapitaanAli]

China’s booming bike-sharing sector beset by theft

https://www.ft.com/content/1b0e3486-57c2-11e7-9fed-c19e2700005f

In June, one start-up folded after 90 per cent of its bikes were stolen.

The link may not work without subscription, so Google it.
It's illegal to copy paste FT.

"As Bike-Sharing Brings Out Bad Manners, China Asks, What’s Wrong With Us?"

https://mobile.nytimes.com/2017/09/02/world/asia/china-beijing-dockless-bike-share.html

 

[AndrewJin]

China’s booming bike-sharing sector beset by theft

https://www.ft.com/content/1b0e3486-57c2-11e7-9fed-c19e2700005f

In June, one start-up folded after 90 per cent of its bikes were stolen.

The link may not work without subscription, so Google it.
It's illegal to copy paste FT.

What r you talking about?
You need deposit to rent!!!
It goes bankrupt simply because Mobike and ofo are two strong, both valued at several BILLION dollars!
mainstream media at its best....people just steal that company, not bankrupt Mobike and ofo
lmao, it seems that they have a soft spot for Mobike and ofo

btw, by using larger font does not make you more logical and sensible.....
lmao

 

[KapitaanAli]

What r you talking about?
You need deposit to rent!!!
It goes bankrupt simply because Mobike and ofo are two strong, both valued at several BILLION dollars!
mainstream media at its best....people just steal that company, not bankrupt Mobike and ofo
lmao

btw, by using larger font does not make you more logical and sensible.....
lmao

Don't forget to read second link as well.

Sorry for the big font.
I didn't do it. After copying big font from the article header, everything in that post stayed big.

 

[AndrewJin]

Don't forget to read second link as well.

Why should I read?
There are tons of bike sharing companies going bankrupt because finances.
But not ofo and Mobike which are valued at SEVERAL BILLION US DOLLARS!

Do you even understand the logics of internet sharing economy?
People are risking their credit point and their deposit just for a cheap bike?
Do you know their bike account is liked to online payment account and credit rating account?

 

[KapitaanAli]

Why should I read?
There are tons of bike sharing companies going bankrupt because finances.
But not ofo and Mobike which are valued at SEVERAL BILLION US DOLLARS!

Do you even understand the logics of internet sharing economy?
People are risking their credit point and their deposit just for a cheap bike?
Do you know their bike account is liked to online payment account and credit rating account?

No need to argue.
Everyone can read and decide for themselves.

 

[AndrewJin]

No need to argue.
Everyone can read and decide for themselves.

Let's see what will happen in india where people cannot even maintain their public bus in good conditions.