SINGAPORE—Dozens of young companies burned through billions of dollars vying to dominate ride-hailing and bike-sharing in Asian megacities from Beijing to Jakarta. The race to transform urban transport is still on and now a fresh pileup looms—over electric scooters. The scooter-sharing industry is growing in U.S. cities and other developed markets such as Spain and France. As it moves to the Asia-Pacific region, local startups are moving early to grab market share, setting up a battle with global players like U.S.-based Lime.

Source: Wall Street Journal June 01, 2019 09:22 UTC