Chinese bike-sharing start-up says it’s now worth more than US$2 billion

[specuvestor]

Experiencing problems is putting it mildly.
Now comparing the 2 CEO/founders,
Dai Wei of ofo and
Hu Weiwei of Mobike

Dai Wei got himself into a huge mess.
If steve jobs created the most valuable company of all time,
Dai Wei has the title of burning cash at the fastest rate in history.
And to top it all off, he pissed off everyone. The government, consumers, suppliers, staff, ... ...
And now he is backlisted by the PRC government.

On the other hand, Hu Wei Wei managed to offload her stake at the highest possible inflated valuation.
And at that time retaining the CEO title. It is only recently that she left the company.
Another masterstroke. Check out Meituan Dianping's result, (parent of Mobike) and you would understand why.
Brilliant Timing. She has ample financial resources now for her next 50 generations.

That's a very succinct comparison of the 2, and probably give us a better idea of what I mean by "timing" (hint: not what will happen next day or next week or even next month). In both cases I have said the business model is not sustainable https://www.valuebuddies.com/thread-7890...#pid146831 but looks like one came out nice knowing it's just a ride.

My last up for the year