This episode of TechBuzz China is our second of two focused on bike-sharing in China. In it, co-hosts Ying-Ying Lu and Rui Ma tell the story of the rest of China’s bike-sharing industry beyond Ofo, focusing on major players Mobike and Hellobike. They cover Mobike’s founders, fundraisings, current reach, and distinctive approach to its bike-sharing business, as well as fast-growing latecomer Hellobike’s entrance to the scene. Guest speaker Karl Ulrich, the Vice Dean of Entrepreneurship and Innovation at the Wharton School, weighs in for the second week in a row, giving macro-level predictions about the global impact of new solutions for personal transportation.
With 29 percent of all internet users in China now making use of bike-sharing services, what is the real impact of these services on metrics such as number of trips taken via subway, bus, and car? How have investors Alibaba and Tencent-backed Meituan taken strategic positions in this race, and how do their positions affect the battle outcomes? Who is Mobike founder Hu Weiwei, and which of the two contrasting versions of Mobike’s origin story is real? How has Hellobike’s focus on second and third tier cities, as well as its dogged pursuit of expense management, affected its growth and staying power?
Listen to the newest episode of TechBuzz China and delve into one of the biggest trends on the China internet in recent years. Decide for yourself: to what extent has bike-sharing has affected China tech, the everyday lives of Chinese citizens, and the future of personal transportation worldwide?
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