The explosion of shared bicycles
A few years ago, shared bicycles were particularly popular, with yellow ofo and orange Mobike filling the streets. Everyone can go out and scan the code to ride a bike, which is very convenient. At that time, there were many bike sharing companies, with over a dozen.
The problem with ofo
Ofo is a yellow bike that was first developed as a student entrepreneurship project. But ofo's management is not good. When the bike breaks down, no one repairs it, and it is parked and left unattended. And ofo ran out of money, no one invested, and eventually went bankrupt, unable to even refund the deposit.
The ending of Mobike
Mobike is an orange bike with better quality and better management. But it also burned a lot of money and couldn't hold on anymore, so it was sold to Meituan. Now Meituan Bike is the old Mobike. In the end, only Meituan and Hello remained as shared bicycles.
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