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Wheeler-Dealer

While 4 wheels are good, 2 wheels are better at Mobike. But Joe Xia, co-founder and CTO of the bike-sharing firm, is also thinking beyond bicycles in his vision of providing full-fledged transportation services.

PITEOUS pictures of wrecked two-wheelers may grab the public's attention, but Mobike co-founder and chief technology officer Joe Xia Yiping, 36, is unfazed by how startups in the so-called "sharing economy" might rub people the wrong way at the outset.

"I think it's okay for some of the companies to run into some regulatory issues - I wouldn't say issues, I'd say challenges," he tells The Business Times while on a visit to the Chinese bicycle-sharing firm's Singapore office, in a co-working facility downtown.

"Because a lot of the markets, or a lot of the infrastructure or regulations, are not ready for certain sharing economy models.

"But what I can foresee is, the sharing economy is going to transform...

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