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Old 06-10-19, 04:17 PM
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cudak888 
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Originally Posted by 2_i
Wow, I am sorry about that. They were very much pioneers, with the operation conceived by students out of Peking University in my memory. Mobike only came next. Are they dead all around the world? Of all places I saw their bikes in Milan, Italy, just weeks ago, but, being in a nonriding company, I did not inspect their use.
My mistake - I just did some re-verification of information (it's pretty hard to get a straight answer on this sometimes). It's Singapore that they've pulled out of along with the entirety of their international operations.

The home market is still active, but they've considered filing for bankruptcy, and the most recent article about them speaks of huge lines at the Beijing office for refunds:
https://www.scmp.com/tech/start-ups/...beijing-office

It's just a matter of time. I agree with what many have said - most dockless startups were never sustainable. Investment Ponzi schemes, basically.

-Kurt
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