China’s Startup Bubble Runs Aground – Bike-Share Companies, Among The Hottest Startups, Are Wiping Out Investors.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “It now appears bike sharing is the stupidest business, but the smartest brains of China all tried to get in,” Wu Shenghua, founder of 3Vbike, one of the many collapsed bike-sharing companies in China, told Reuters. “It …