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31 replies to this topic | 192 praises

#1

Posted 12 March 2019 - 11:11 AM

Enye
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bye bye to bike sharing

 

any VC in mcf lost their seed money?

 

 

:mellow:  :D 

 

Mobike applies to LTA to withdraw from Singapore



#2

Posted 12 March 2019 - 11:36 AM

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Mobike also closed down business here!  :o


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#3

Posted 12 March 2019 - 11:50 AM

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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.
Beregond and Silver_blade praised this

#4

Posted 12 March 2019 - 11:51 AM

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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.



#5

Posted 12 March 2019 - 11:58 AM

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Project Personal Data Mining complete. Time to exit.



#6

Posted 12 March 2019 - 12:13 PM

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Those bike rental stores at East Coast Park must be laughing really hard now.  [nod]


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#7

Posted 12 March 2019 - 12:27 PM

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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.


Feel so rich. Or just an illusion?

#8

Posted 12 March 2019 - 01:05 PM

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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....


Beregond, Carbon82 and t0y0ta praised this

#9

Posted 12 March 2019 - 01:14 PM

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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.


When you arise in the morning think of what a precious privilege it is to be alive, to breathe, to think, to enjoy, to love.

#10

Posted 12 March 2019 - 01:44 PM

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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.


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#11

Posted 12 March 2019 - 02:06 PM

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Anything that is shared is unlikely to work here.

Car sharing still surviving here la.  [laugh]


When you arise in the morning think of what a precious privilege it is to be alive, to breathe, to think, to enjoy, to love.

#12

Posted 12 March 2019 - 02:09 PM

mersaylee
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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.

#13

Posted 12 March 2019 - 02:24 PM

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bye bye to bike sharing

 

any VC in mcf lost their seed money?

 

 

:mellow:  :D

 

Mobike applies to LTA to withdraw from Singapore

 

Sorry to hear about your losses Sifu.


That is all.

#14

Posted 12 March 2019 - 02:32 PM

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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 by Icedbs, 12 March 2019 - 02:33 PM.


#15

Posted 12 March 2019 - 02:46 PM

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Exit Land of smiles too....

"China's Mobike to exit Thailand, other Asian countries"

https://m.bangkokpos...m.facebook.com/
Fu11thr0tt1e and Angcheek praised this

#16

Posted 12 March 2019 - 03:10 PM

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The only share share model that has proven to work is the oldest profession....

 

 

sic pls


Garage36.com

#17

Posted 12 March 2019 - 03:18 PM

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Not mine so no need to take care......most of the people mindset.



#18

Posted 12 March 2019 - 03:45 PM

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scrapped-GettyImages-881605580.jpg


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#19

Posted 12 March 2019 - 04:32 PM

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One more app to Uninstall.
You don’t stop running because you get old, you get old because you stop running.

#20

Posted 12 March 2019 - 04:35 PM

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One more app to Uninstall.

I have uninstall all the bike sharing app in my phone liao. Lol.


When you arise in the morning think of what a precious privilege it is to be alive, to breathe, to think, to enjoy, to love.


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