“Anything can happen”: Ofo and Mobike investors talk about bike-rental war

On March 17, investors in both Ofo and Mobike took the stage at ChinaBang Awards 2017 to discuss the future of the bike-rental industry. Grace Gu, principal at Ofo-investor ZhenFund, and Xu Ying, Executive Partner of Mobike-investor Vertex Ventures talked about where they see the bike war heading.

“We cannot say if there will be a merger between these bike sharing companies, ” Xu Ying said. “But in this bike sharing craziness, anything can happen.”

Grace Gu said that bike-rental companies will gear up this year to take a bigger share of the market, but was skeptical on further funding rounds on these bike sharing companies, and said it might come to an end this year.

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