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After Ofo: How the Bike-sharing Firm’s Collapse Changed China’s Tech Sector

May 13, 2019 By Dominic Morgan

Right up until the moment his company imploded, Ofo founder Dai Wei insisted he was building a corporate empire to rival Google.
But the young entrepreneur has now come to resemble a modern-day Ozymandias: all that remains of Ofo’s bike-sharing dream are the battered, unusable yellow cycles still littering China’s streets. The collapse of the Beijing-based startup, which just two years ago was valued at $3 billion, has captivated China over recent months.

Filed Under: All Articles, China, Consumers, Entrepreneurship, Innovation, Technology Tagged With: Bike sharing, Mobike, Ofo, Sharing Economy

Is China’s Sharing Economy on Borrowed Time?

November 6, 2017 By Tom Nunlist

The sharing economy exploded in China this year, with companies for all kinds of shareable objects taking part in this new business model. While there are businesses familiar to Westerners—shared offices, cars and rides—there are also ideas that seem a little kooky, such as shared basketballs and umbrellas. Although some call it innovative, many realize these companies are just “rental 2.0” companies, assisted by digital technology. As the concept reaches fever pitch, however, it is also facing a reality check, especially as many firms, ballooned by venture capital funds, start to show signs of failing.

Filed Under: All Articles, Chinese Economy, Creativity, Digital Economy, Innovation, Know China, Technology Tagged With: Airbnb, Mobike, Ofo, Sharing Economy, Uber

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Information, analysis, and interviews about the Chinese economy and doing business in China, from the people who know it best. Presented by the Cheung Kong Graduate School of Business, China's leading business school.


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