After its recent multibillion-dollar acquisition by China’s largest on-demand service provider Meituan-Dianping, Chinese bike-sharing startup Mobike and its founder Hu Weiwei became worldwide business celebrities overnight. Not only did Hu personally reap RMB 1.5 billion from the deal, she also made it to Forbes Asia magazine’s 2018 “Emergent 25” list.
Yet, less than four years ago, Hu was an automobile journalist drawing a five-digit-RMB salary. When she decided to create a bike-sharing business in China, it seemed a crazy idea to most. “All your bikes will be st...
