GGV Capital’s Hans Tung and Zara Zhang interview Brad Bao, the co-founder and chairman of LimeBike, a fast-growing dockless bike sharing company in the US based in San Mateo, California. Founded in January 2017, LimeBike is currently in more than 50 different markets in the US, and have helped users with more than 2 million trips since it launched. Before founding LimeBike, Brad was an investor at Fosun Kinzon Capital, and previously helped launch and build up Tencent’s US operations as Tencent’s first employee outside of China. LimeBike is an example of a phenomenon known as “copy from China”—importing innovative business models from China into the US.
In this episode, we discuss Brad’s “pivot” from an investor searching for a bike-sharing deal to the founder of a bike-sharing company, why bike-sharing can work in the US, and why being cross-border is a crucial advantage in this space.