oBike Application Critique
oBike is a really popular bike rental app where you rent the bike where ever the last person left it by unlocking the bike using the app, and use it until you reach your destination where you can just lock it where it is, allowing the next person to rent from where you leave it. So group 3 made a really good presentation on oBike and I shall attempt to summarize their presentation in 3 points which I feel are the most important. 1. Background oBike is an up and coming startup which has recently raised a $45m series B funding. They are also expanding quickly into more than 10 countries, utilizing the first mover's advantage to try and capture the market share before stronger presences like Mobike and Ofo, which are oBike's strongest competitors who originated from China, appear. It seems from their presentation that oBike is taking the right steps towards expanding as they have garnered the support from their investors and have begun capturing some market share. In the Q&