How To Raise $215Million in Asia and Africa


Mobike

Mobike uses Internet of Things(IoT) to lure investors

Imagine you came up with an idea that could get people healthy and help the environment. Imagine you quit your dream job, launched a startup around the idea and 2 years later had turned the idea into a billion dollar company.

That’s exactly what David Wang has just done.

Two years ago David quit his job as General Manager of Uber in Shanghai after thinking “Why don’t I create an Uber for bikes?

He launched his company, Mobike, a year ago. Each of his bikes has a pedal-powered GPS, smart lock and timer, so you can find a bike and unlock it with your Mobike App, get charged 15c per hour, and then leave it wherever you finish your ride.

David knew the key to his idea was making his own low cost, high tech bikes. So he started bike-building, and launched the service in Shanghai in April last year.

The bikes were so popular, in August he attracted $10 million from Panda Capital. Then, a month later he raised another $100 million from well known VCs.

By the end of 2016, Mobike’s Shanghai GM, Michael Yao (in photo) said: “We just announced passing the 100,000th bike in Shanghai earlier this month. We are currently operating in nine cities: Shanghai, Beijing, Guangzhou, Shenzhen, Chengdu, Ningbo, Xiamen, Foshan and Wuhan.”

Shanghai has now become the No.1 bike-sharing city in the world, and China is now producing more ride-sharing bikes than all the rest of the world put together.

 

“Do not wait to strike till the iron is hot, but make it hot by striking.” ~ William Butler Yeats

mobike-3

This month Mobike raised $215 million from Tencent and a group of VCs, likely at a valuation of over $1 billion, and this week Xiaofeng did a deal with Foxconn which will get 10 million Mobikes on the road by the end of this year.

Less than 2 years after starting his company, David has 1.5 million users taking 500,000 bike rides each day. That’s 1.5 million users getting healthy and improving the air quality of China’s cities each day. He now plans to be in 100 cities in China and around the world by the end of this year.

In his announcement of the Foxconn deal this week, David said “In 2017, we aim to enable residents in a hundred cities in China and internationally to enjoy our unique and convenient solution.”

That solution is the bicycle, invented in 1817 (and celebrating its 200th birthday this year), with some high tech upgrades.

In other words, he took a 200 year old invention and turned it into a billion dollar startup.

Sometimes the best ideas are the simplest.

In fact, the technology that David is using for his bikes is freely accessible to anyone to start a similar company.

mobike-2

 

The difference is, he took massive action.

What simple idea are you delaying today?

Where will you be in 2 years from now by simply taking that next step?

Time to get on your bike!

 

courtesy: Roger Hamilton

 

With Humanity at the Center of Design, Anything Never Goes


Human Centered Design (HCD) is arguably a concept triggered by the famous work of Christopher Alexander, Notes on the Synthesis of Form (1964). His entire work, as he noted at the  beginning, is  “… about the process of design: the process of inventing things which display new physical order, organization, form, in response to function.”

And the fact that the  author discusses clearly the process by which a form is adapted to the context of human needs and demands that has called it into being, is what gives the book a rather wide degree of acceptance.

Originated by IDEO, a nonprofit itself dedicated to applying human-centered design to alleviate poverty, Human Centered Design, according to their handbook, is “a process and a set of techniques used to create new solutions for the world.

Whether the  “solutions” be products, services, environments, organizations, and modes of interaction, the authors add:”The reason this process is called ‘human-centered’ is because it starts with the people we are designing for. ”

Yet going about HCD entails looking at design in terms of the “Three Lenses of Human Centered Design “: Desirability (What do people desire?), Feasibility (what is technically and organizationally feasible?) and Viability (what can be financially viable?).

In detail, the designers of the HCD toolkit explain that the Desirability lens calls for examining the needs,dreams, and behaviors of the people we want to affect with our solutions, while listening to and understanding what they want.

And “once we have identified a range of what is Desirable, we begin to view our solutions through the lenses of Feasibility and Viability” (HCD Toolkit, 10).  But eventually, the solutions that emerge at the end of the Human-Centered Design should hit the overlap of the three lenses(that point where the solution is deemed desirable, feasible and viable).

Ultimately, such a desirable, feasible,and viable  idea must have been obtained in phases of ” Hear”, “Create”, before you finally “Deliver” (HCD Toolkit, 11).

Lucrative Content Design Tips


The following few questions can be answered with a straight yes or no: Could you be a beginner at digital design? Or even an “experienced” one?

However, the follow-up ones could be a little bit difficult and maybe too tricky to answer: What are “creative markets”? What types of “creative content” are there? How do you begin at creative content development? What about selling it? What platforms are there?

In answer, in the first place, if one is just giving design hand or has been doing it for some time but without a breakthrough, these few tips, for the beginner, will strengthen their resolve to first of all code or develop for food, and ultimately design for its own sake, for good. Same to the experienced designer or coder. But they will also have a mileage in developing superior digital goods, as the following will show.

To begin at the beginning, digital designers and their developer counterparts create templates(also digital) for use by other developers or designers to create sterling websites and blogs, before selling such templates on creative markets—online platforms where designers and developers can sell their digital goods as individuals or as a collaborative team.

Some such marketplaces inlude Themeforest, Codecanyon, Graphicsriver, Audiojungle, 3docean, Photodune, Videohive, Activeden, Tutsplus, and Envato Studio.

Incidentally, according to a 2014 study of some prominent digital content markets, by the end of that year, a group of four million authors had earned over 2o billion only in commissions from the sale of their digital content(Envato Market Survey, 2014). Besides, 30 of the four million had each made over 90 million in earnings. Not forgetting that one of these 30 authors made 450 million by selling one theme only.

The content in question can include templates/themes, web applications, stock photos, icons, logos, fonts, flyer and business card designs, plugins, widgets, 3d models, tutorials, sound effects, music tracks, as well as games.

But how to sell creative content online? Depending on where you are right now in the design arena, the following could prove useful: You could break the mold of stagnation by first of all identifying what you are really good at and focus on that one thing—and do it well. Or you could learn something rather new, while checking what other designers/developers are doing in a specific micro-niche—and do it better still.

Meanwhile, the designer or developer must have began the design process by choosing a concept, designing the idea, coding and development, testing, before publishing to a marketplace.

PRINT PACK SIGNS EXPO AT KICC BY Tashikka Expositions


AGFA

AGFA

Ever wondered how magazines, posters(the really huge ones), newspapers and business cards are made on a commercial level. Well today is your luck. The 2nd international Print pack exposition has just kicked of at the KICC grounds. Damages are at 500 shillings and the season tickets go for 1000 shillings. The expo will run till the 28 of February 2014.

CANON

CANON

I attended last years expo and I must say that it was and experience for me. I saw machines that I had never imagined they existed. These machines are exported from all over the world, from countries like Germany, India, United Kingdom, Kenya and USA.

The brands displayed at this second international expo include Kodak, hp, mfi, Canon, xerox, hohner, AGFA e.t.c. The brands will be having live demos on how to do about everything with these machines including how to print on T-shirts, plastics, wood, paper and metal.

Last year. I saw a Kenyan company that had some exciting assorted branded merchandise  ideas for SMEs. They would be able to put a logo on just about everything at very affordable prices in the market. Hope to see guys there. For more on this event. go to http://www.printpacksignexpo.com/

By Mugambi Neville.

POINT OS SALE ONLINE SYSTEMS FRONTIER


I was going about my business the other day, when i met this glowing Engineer at the Fabrication Lab. He was working on an automated virtual online point of sale software for use in stores and supermarkets. He has been working on the system himself from scratch.

downloadHis name is Eng J.M Muchiri.  He was a student at the University of Nairobi’s Mechanical Engineering department. The system is currently finished working will go for 50,000 Shillings onwards. He calls it the THE SELLER EXPRESS SYSTEM. You can have a free demo by looking for the right POS/SES software that you might want to experience.  http://www.eacenteri.blogspot.com/

After chatting with him, i got to test the DEMO myself as a business student. It was interesting i must say. I have never seen a software that is as detailed as this. It shocked me with the amount of time he must have used to study all the Accounting functionalism, Financial reporting and well, Accounts.

 

http://eacenteri.com/POSSystemPHPWeb/Frame1_1.php

THE FEATURES INCLUDE

  1. sales management
  2. purchase management
  3. stock management
  4. customer record management
  5. suppliers record management
  6. staffs and their payroll management
  7. Financial reporting
  8. advanced financial reporting
  9. sending of finacial reports via email
  10. automated account backups e.t.c

The application also offers connectivity to multiple databases with MySQL being default. The product is built in Java to support many OS. sms or mobile embedded technology. Its available on Stand-alone or online version. Good luck to you Muchiri and the East Africa Center Institute.

By Mugambi Mwalishi

NO LONGER THE NOKIA YOU KNOW


MICROSOFT-NOKIA

MICROSOFT corporation is on the process of acquiring NOKIA mobile phone manufacturing business. The acquisition price is set at 5,400 million EUROS, roughly 540,000 million Kenya SHILLINGS. Nokia’s  core business is making mobile phones over the years but is about to change after this new acquisition. Maybe they got to point where they could not keep up with the demand for new mobile phone designs and specs.

This new acquisition has come as a relief to this Finnish (from Finland) company. NOKIA was worth 200 billion dollars in its HEY! days (in the late 1990’s),  then fell to around 50 billion Dollars now acquired at around 8 billion dollars. This simply means that the share price of Nokia mobile device business has been seriously falling over a long period of time. The money they were paid off by MICROSOFT was in FACT, the “best deal”.

NOKIA will now be left with Nokia Solutions and Network (NSN) A broadband and networking company as the main business after letting go of the handset business. http://nsn.com/about-us/company

A giant like Nokia loosing its handset business is an indicator that MAYBE Apple and Samsung should try cast a wider range of products in the market instead of concentrating on the mobile phones business. Nokia was a game changer in their feature phone business. They lost it when the SMARTPHONES transition came and they couldn’t decide whether to follow or remain relevant with their wide customer base. Lets wait and see but for now its… BYE BYE NOKIA LUMIA…

mwc-elop_2491961b

 

BY NEVILLE MUGAMBI

BANK RATINGS AS AT LAST YEAR


KCB BANK NEW HQ (UNDER CONSTRUCTION)

KCB BANK NEW HQ (UNDER CONSTRUCTION)

Ranked by assets (Placing in 2011)
1 KCB [assets Kshs 304.1 billion ($3.58 billion), profits Kshs 15.75 billion ($185 million)]
2 Equity
3 Cooperative
4 Standard Chartered
5 Barclays
6 CFC Stanbic
7 NIC
8 Commercial Bank of Africa
9 Diamond Trust
10 I&M [assets Kshs. 91.5 billion ($1.07 billion), profits Kshs 4.72 billion ($55.5 million)]
11 Citibank
12 National Bank
13 Chase
14 Bank of Africa
15 Baroda
16 Prime
17 Housing Finance
18 Imperial
19 Ecobank
20 Family Bank
21 India
22 ABC
23 Consolidated Bank
24 Fina
25 Equatorial
26 Gulf African
27 Development Bank
28 Giro
29 Fidelity
30 Guardian
31 Victoria
32 First Community
33 K-Rep
34 Habib AG Zurich
35 Transnational
36 Paramount
27 Habib Bank
38 Credit Bank
39 Oriental
40 Middle East
41 Jamii Bora
42 UBA
43 Dubai [assets Kshs 2.58 billion ($30.4 million)]

 

COURTESY OF http://www.bankelele.co.ke/