SpeedX is over

[micky]

I had the news a few days ago from China and here there's a link to part of the story.

http://technode.com/2017/11/17/bluegogo ... en-letter/

Basically the founder of SpeedX seems to have used the foundings for start a new bike rental in China but it never worked and it just kept losing money due to the power of other 2 main bike rental colpanies Ofo and Mobike.

[Shrike]

Not sure how liquidation works in China, but we could see it come back stronger if it gets bought by another player.