"As for Mobike, they're following a similar path to ours, trying to seize the market in first-tier and provincial capital cities."
"The incident in Modu hit Mobike pretty hard."
"But after that, the other shared bike companies wised up. They're following in our footsteps and contacting the relevant authorities."
Li Qiuliang continued his report, "After more than two months of reorganization and development, the parking situation for shared bikes across the country has become much more regulated."
Wu Yun tapped his fingers rhythmically on the desk, contemplating the future of Little Red Car.
The hole created by misappropriating some of the initial deposits to manufacture bikes was gradually shrinking, thanks to Tencent's investment and the increase in usage fees.
