China’s Startup Bubble Runs Aground by Wolf Richter • Dec 27, 2018 • 77 Comments “It now appears bike sharing is the stupidest business, but the smartest brains of China all tried to get in,” said Wu Shenghua, founder of one of the collapsed bike-share companies. “It really now seems ridiculous.”
China’s Bike-Share Startup Frenzy Turns into Money-Suck by Wolf Richter • Nov 26, 2017 • 33 Comments Fresh startups with millions of dollars in funding run out of cash and collapse.