- One of the hottest sectors of Chinese tech is “dockless-bike sharing.” The two primary companies, Mobike and Ofo, have expanded aggressively in recent years across the world.
- Both companies have faced unforeseen challenges upon trying to enter the US market.
- While in China, I got a chance to use Mobike and Ofo extensively and it became apparent to me why the companies are having such trouble.
- Both companies rely on dense urban areas and heavy ridership to stay profitable, their bikes are uncomfortable to ride for anything more than a 5-10 minute ride making them unsuitable for more spread-out US cities, and Americans read more >>>
Source : BusinessInsider.Com