Wukong Bicycle began to operate in Chongqing in early October17, and it has only been five months. Lei Houyi, the founder, explained to the outside world the reason for withdrawing from the market, saying: We can't get the top supply chain. Mobike and ofo can cooperate with the world's largest suppliers, but the cooperation with Wukong is small manufacturers, the product quality is not particularly good, and the car is easy to break down. Lei Houyi concluded: "Quit because you can't win."
After the failure of the Wukong bicycle project, Lei Houyi once looked for ofo, hoping to be acquired, but ofo did not intend to acquire it. Just five months of failed entrepreneurship also made Lei Houyi sum up several lessons:
First, don't chase after the wind, it's useless to chase after it, and small companies can't catch it. The tuyere is waiting to come out.
Second, the project must be profitable. * * * If you like cycling, you will lose money in a short time, but it is very important for you to make a project, whether you invest it yourself or pay for it yourself, and it must run smoothly from the mode.
Third, you should have the corresponding genes. For example, if you want to enjoy cycling, you need people from the supply chain to join, otherwise you will have a big problem if you do it yourself.
Fourth, small companies are still suitable for small incisions and form unique values. Lei Houyi said: you built a bunker, but people can't beat it, so you can spend money to buy you. If people can fight it, why buy you? In other words, the industry is developing rapidly, the eldest and the second are evenly matched, and your choice has become a decisive force. This is the value of being acquired. It's like we did it to enjoy cycling, and in the end it didn't even have the value of being acquired. We also went to ofo, hoping to be merged, but they had no intention.
The failure of Wukong's bicycle business has given us many lessons and inspirations. Failure is the mother of success. I hope Lei Houyi can start a successful business as soon as possible!