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Mobike and other sharing bicycle competitors has been in a fierce fight for three months. From sometime this April to two to three weeks ago, it is not only f
by ttflee 9y ago
Mobike and other sharing bicycle competitors has been in a fierce fight for three months.
From sometime this April to two to three weeks ago, it is not only free riding a Mobike, but there is also a chance of random amount of cash gift, known as Hong Bao. I have personally earned about $40 of cash by riding Mobike, the amount of which almost reaches the deposit for renting the bike.
- dis-sys 9y agobecause they are both backed by major investors with access to unlimited cash. they don't invest in those bikes, your deposit covers that, they don't manage those bikes, what else to spend their cash on? well, they picked the easiest way - they pay their users to use their services.
- ttflee 9y agoEven if my deposit had covered the gift cash, what I have got would be too much in the sense of annualized returns. They just burned incredible amount of investor's money in this campaign. It would be crucial which of them drains its revenue first/last. I guess the investors would be in favor of a merger, then.