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Hong KongHong Kong
🤯 Gobee.bike: When Bikes Started Landing in Rivers
Mar 08, 2026

🤯 Gobee.bike: When Bikes Started Landing in Rivers

Hong Kong’s first dockless bike-sharing startup exploded to 16 cities and 34,000 bikes — before vandalism and broken unit economics destroyed the business.

Admond Lee
Admond Lee
Hong KongHong Kong
🤯 Why Ocean Empire Food Shop Closed After Injecting HK$30M
Feb 22, 2026

🤯 Why Ocean Empire Food Shop Closed After Injecting HK$30M

The Collapse of a 30-Branch Hong Kong Congee Chain

Admond Lee
Admond Lee
SingaporeSingapore
+1+1
🤯 The Collapse You Didn’t See Coming: 1880
Sep 21, 2025

🤯 The Collapse You Didn’t See Coming: 1880

It was Singapore’s most vibrant private club. Then, one bold expansion in Hong Kong dragged it into debt, liquidation, and bankruptcy. Here’s how the dream unraveled.

Admond Lee
Admond Lee
Hong KongHong Kong
+1+1
🤯 Why China South City Collapsed Despite Government  Backing
Aug 17, 2025

🤯 Why China South City Collapsed Despite Government Backing

How China’s biggest trade city became ghost town #1

Admond Lee
Admond Lee
PhilippinesPhilippines
+3+3
🤯 How Oriente Burned $160M Trying to Bank the Unbanked
Aug 03, 2025

🤯 How Oriente Burned $160M Trying to Bank the Unbanked

Offline growth. Flashy GTM. Then COVID hit. Data breaches followed. Here’s how to not die the same way.

Admond Lee
Admond Lee
Hong KongHong Kong
🤯 $70M Burned. No Profits. HSBC Gave Up.
Jul 27, 2025

🤯 $70M Burned. No Profits. HSBC Gave Up.

Serai had everything — capital, connections, and 16k users... but still died broke. Here’s why Serai failed — and what every founder should learn.

Admond Lee
Admond Lee
Hong KongHong Kong
🤙🏻 How this $1.5B hotel phone empire burned $170M in 7 years
Feb 09, 2025

🤙🏻 How this $1.5B hotel phone empire burned $170M in 7 years

Never bet against technological progress

Admond Lee
Admond Lee
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