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...