SpeedX is over

Questions about bike hire abroad and everything light bike related. No off-topic chat please

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micky
Posts: 4698
Joined: Thu Sep 21, 2006 8:57 pm
Location: Vicenza
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by 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
Posts: 1198
Joined: Fri Jun 03, 2016 5:08 pm

by Shrike

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

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