Enye Hypersonic March 12, 2019 Share March 12, 2019 bye bye to bike sharing any VC in mcf lost their seed money? Mobike applies to LTA to withdraw from Singapore ↡ Advertisement Link to post Share on other sites More sharing options...
13177 Supersonic March 12, 2019 Share March 12, 2019 Mobike also closed down business here! Link to post Share on other sites More sharing options...
Fcw75 Hypersonic March 12, 2019 Share March 12, 2019 People here just don’t know how to appreciate this concept and choose to abuse it, resulting in too many regulations. And as a result, all closed down. 2 Link to post Share on other sites More sharing options...
Beregond Supersonic March 12, 2019 Share March 12, 2019 The next big thing is PMD rental, as well as multiple irresponsible riding and accidents. There will be tons of situation where TP and LTA will just point to civil suit or cliam from thr car insurance. Already Obike will be rename and going into the e scooter biz from what I know so far. Like all the sub prime moving to China listed shares on the stock exchange with dubious reporting standard, we just have to see which authorities are taking a closer look at the events. Subsequently, the finger will point to CPIB or CAD to police the whole situation I suppose and LTA and TP will just do the accident reporting all these share share system is doom to fail from the start i think. it only work when every 1 is automatic, steady do thing nicely. Link to post Share on other sites More sharing options...
Celicar Turbocharged March 12, 2019 Share March 12, 2019 Project Personal Data Mining complete. Time to exit. Link to post Share on other sites More sharing options...
Zxcvb Turbocharged March 12, 2019 Share March 12, 2019 Those bike rental stores at East Coast Park must be laughing really hard now. 1 Link to post Share on other sites More sharing options...
Watwheels Supersonic March 12, 2019 Share March 12, 2019 I think market spoil by those operators who were here first. Those who collected deposits. When they fell ppl couldn't get their money back or have difficulty getting their money back. Now who else would want to share bike? Once bitten twice shy. Link to post Share on other sites More sharing options...
Volvobrick Supersonic March 12, 2019 Share March 12, 2019 all these share share system is doom to fail from the start i think. it only work when every 1 is automatic, steady do thing nicely. The only share share model that has proven to work is the oldest profession.... 3 Link to post Share on other sites More sharing options...
13177 Supersonic March 12, 2019 Share March 12, 2019 People here just don’t know how to appreciate this concept and choose to abuse it, resulting in too many regulations. And as a result, all closed down. Agreed. Actually such bike sharing concept is good, quite beneficial to people and yet people just take things for granted. Now everyone cannot benefit from such bike sharing anymore. Link to post Share on other sites More sharing options...
Kb27 Supersonic March 12, 2019 Share March 12, 2019 Agreed. Actually such bike sharing concept is good, quite beneficial to people and yet people just take things for granted. Now everyone cannot benefit from such bike sharing anymore. Anything that is shared is unlikely to work here. 1 Link to post Share on other sites More sharing options...
13177 Supersonic March 12, 2019 Share March 12, 2019 Anything that is shared is unlikely to work here. Car sharing still surviving here la. Link to post Share on other sites More sharing options...
mersaylee Supersonic March 12, 2019 Share March 12, 2019 LBS and retail bicycle rental jin happy... Anything that is shared is unlikely to work here.Jamesc will definitely like to see MIL sharing to blossom. Link to post Share on other sites More sharing options...
Kusje Supersonic March 12, 2019 Share March 12, 2019 bye bye to bike sharing any VC in mcf lost their seed money? Mobike applies to LTA to withdraw from Singapore Sorry to hear about your losses Sifu. Link to post Share on other sites More sharing options...
Icedbs Turbocharged March 12, 2019 Share March 12, 2019 (edited) The business model itself is not sustainable. The revenue comes only when the bike are used. But the operatiing cost is fix....the back end staff, the operation staff, the office rental, the storage warehouse rental, etc. The bikes are mostly used only during that 2 peak periods per day. They are mostly unused for the rest of the daytime 5-6 hours. But you still have to pay salary, rental, etc for that 5-6 hours/day of off-peak period. So how can this model ever be profitable? Why can't the VC even see this coming? Edited March 12, 2019 by Icedbs Link to post Share on other sites More sharing options...
Hoseyboh Twincharged March 12, 2019 Share March 12, 2019 Exit Land of smiles too.... "China's Mobike to exit Thailand, other Asian countries" https://m.bangkokpost.com/business/news/1642688/chinas-mobike-to-exit-thailand-other-asian-countries-reports?refer=https%3A%2F%2Fm.facebook.com%2F 2 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic March 12, 2019 Share March 12, 2019 The only share share model that has proven to work is the oldest profession.... sic pls Link to post Share on other sites More sharing options...
Si4dr 5th Gear March 12, 2019 Share March 12, 2019 Not mine so no need to take care......most of the people mindset. Link to post Share on other sites More sharing options...
Ender Hypersonic March 12, 2019 Share March 12, 2019 One more app to Uninstall. ↡ Advertisement Link to post Share on other sites More sharing options...
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