Zhu Xiaohu talks about the merger: ofo/Mabaic cycling is no longer worth fighting

Nowadays, many people in the industry believe that for the long-term development, Mobike should be merged with ofo. ZHU Xiaohu, the investor of ofo, has repeatedly expressed similar views.

Zhu Xiaohu talks about the merger: ofo/Mabaic cycling is no longer worth fighting

Recently, when Zhu Xiaohu attended the “2017 Annual Conference of Chinese Business Leaders”, he answered “Theo and Mobike will merge.” He replied: “The war situation is more clear, and there is no point in fighting a war of attrition. There is a great deal of loss for both parties. It is a good question to need to fight. At the same time, however, he also stated that if the two parties want to merge, then the issues involved are very complicated. The interests of all parties are intertwined, and it is not easy to balance. Therefore, “The premise of the merger of any two companies is whether these shareholders have such a Wisdom and pattern."

Zhu Xiaohu talks about the merger: ofo/Mabaic cycling is no longer worth fighting

Earlier, it was reported that Didi plans to promote the merger of Ofo and Mobike during the year. Informed sources said that Tencent hopes that the shareholders of both parties can seriously think about it, but its attitude towards the merger of ofo and Mobike cycling is quite vague. A Mob’s board member supports that it is impossible to disclose the negotiation process. This is because the negotiation process involves multiple schemes and multiple participants, so everything is not certain.

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