Chinese bike-sharing company ofo to enter India

[KapitaanAli]

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

I'm curious too.
I've done some research on this matter and look forward to it.
But let's not play holier than thou prematurely.

 

[AndrewJin]

I'm curious too.
I've done some research on this matter and look forward to it.
But let's not play holier than thou prematurely.

OK

 

[TaiShang]

As long as money is made in India, why not go for it?

If not profitable, then leave for good. After all, sharing business runs of credits. If They steal, you still recover part of the loss.

In China, shared bike industry is profitable and the general public largely agreed on a code of conduct very wuickly.

Hence, other forms of sharing are springing up everyday.

Mobike is too luxury and expensive for Indians. But Ofo is good. Their bikes are simpler. For example, tires are solid.

 

[+4vsgorillas-Apebane]

As long as money is made in India, why not go for it?

If not profitable, then leave for good. After all, sharing business runs of credits. If They steal, you still recover part of the loss.

In China, shared bike industry is profitable and the general public largely agreed on a code of conduct very wuickly.

Hence, other forms of sharing are springing up everyday.

Mobike is too luxury and expensive for Indians. But Ofo is good. Their bikes are simpler. For example, tires are solid.

I've read on national geographic that people In the slums would salvage anything. Paint would be peeled off walls and pounded into a powder and then reconstituted.

In that environment I'm not very optimistic at all but it's worth a shot.

 

[seesonic]

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?

He probably have never see how things are done outside of India moreover understands the importance of credit rating in developed nation and interesting in China a developing nation.

The sharing industry is relatively new, one has to be in countries that encourages entrepreneurship in order to appreciate its relevance in the 21nd century

 

[武成王]

They will lose money in India, of course they don't care, they only care the percent of share in this emerging market, startup try to expand their market share to blow their evaluation before IPO. This business can only survive in an orderly society.

 

[AndrewJin]

They will lose money in India, of course they don't care, they only care the percent of share in this emerging market, startup try to expand their market share to blow their evaluation before IPO. This business can only survive in an orderly society.

And only big players will survive.
Mobike and ofo are the only ones that could throw away millions of dollars per month......
It's a capital game in the sharing economy era.
It's a game between BAT and likes.......
Mobike received 600 million dollars in June....(led by Tencent)


So far there are 7 million Mobike in 200 cities round the world, providing 30 million rides per day, 200 million registered users.
I think this is only the start, after reshaping of the industry (95% companies will go bankrupt), the number will just increase by at least 10 folds in the next 5 years.
作为一家成立刚两年多的公司，摩拜单车已达到许多优秀“前辈”无法企及的高度。截止目前，摩拜单车已经在中国和其他11个国家提供智能共享单车服务，包括新加坡、英国、意大利、荷兰、马来西亚、泰国、韩国、日本、澳大利亚、美国以及目前新增的德国，持续活跃在全球200个城市，在全世界运营超过700万辆单车，每天提供超过3000万次骑行，拥有超过2亿注册用户，是全球最大智能共享单车企业。

 

[rcrmj]

it will fail in India, thats my bet````

it needs an environment for such business module to be success.

first is the public awareness and level of economical development. Indian have very poor public awareness and bad social manner. Besides its economy development stage is still at factor driven primitive stage. even the charge is minor, but this business module needs good coverage of 4G facilities alone with well-planned cities spaces to store the bikes``however, most of the Indian cities are chaotic and badly planned`````and their ethic, well````

 

[hexagonsnow]

OFO,RIP.，These Indian will tell you how to use OFO bike only by yourself in 1000 ways.

 

[protest]

OMG.. So many pompous douchebag Chinese in here.

 

[padamchen]

Is this for motorcycles or bicycles?

Here in Pune we are kickstarting a pretty ambitious initiative to remake Pune into what it once was - a bicycle city.

Lots of money being pumped in. Bicycle tracks. Riverfront tracks. Bike sharing (some 5000 cycles have recently been purchased from India's TI cycles).

I'm looking forward to greater awareness among the other road users.

Cheers, Doc

 

[takeitwithyou]

I've read on national geographic that people In the slums would salvage anything. Paint would be peeled off walls and pounded into a powder and then reconstituted.

In that environment I'm not very optimistic at all but it's worth a shot.

Is that why in spite of being the 2nd highest GDP in the world, China is not a developed nation? Too many of your poor salvaging paint off walls? Hey, after all you said National Geographic told you so

 

[Mujraparty]

I've read on national geographic that people In the slums would salvage anything. Paint would be peeled off walls and pounded into a powder and then reconstituted.

In that environment I'm not very optimistic at all but it's worth a shot.

iv never heard about the paint thing though is it similar to oil from sewage waste extracted and then resold ...?
http://www.scmp.com/news/china/soci...se-restaurant-staff-jailed-cooking-gutter-oil

 

[Adam WANG SHANGHAI MEGA]

bad move,indians would steal them all!

 

[takeitwithyou]

bad move,indians would steal them all!

Do you mean as in copy and paste others IP?