China has basically sorted the scaling of production lines. A large part of the VC money for bicycle sharing should be capex in a large number of bicycles, but

China has basically sorted the scaling of production lines. A large part of the VC money for bicycle sharing should be capex in a large number of bicycles, but that's a lot cheaper than it used to be due to the available manufacturing capability. That's true for general electronic and mechanical stuff and obviously not true for everything. Semiconductor, batteries etc. are much more specialised.