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It is a timeless trend — new opportunity is met with excessive investment, which leads to an eventual bubble and then a collapse. And then an opportunity for a deep pocketed bargain hunters to profit from those financial follies. We saw that with the optical and telecom bubbles, whose one major beneficiary was Google. China’s bike bubble has come to an end. And it is China’s big Internet platforms Alibaba and Didi, for example — who are looking to profit – not because they are looking to make money from bike rentals, but to use the bike rentals as a way to their other businesses. By picking up the carcasses of old bike startups, “there is hope that the companies’ focus on ecosystem building will make them worth the investment,” writes Pandaily . I wonder if we will see the same here in the US as well, despite those mega investments in bike/scooter startups? #analysis

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Om Malik

Om Malik is a San Francisco based writer, photographer and investor. More....

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