Moxi Roller Skates, the only skates on sale in China, are the only roller skaters to be named best in class by the New Scientist magazine.
The company has also been awarded the title of “best skater” in the world.
But despite this accolade, the company’s founder, Luo, told the magazine that the company has been in decline over the past few years.
“It’s really sad to see,” he said.
“People don’t buy these products anymore.”
In fact, Moxis roller skating brand, which has been around for nearly 50 years, has seen its share price fall by as much as 80 per cent in recent years.
According to the magazine, Luo said that in recent times, Molybdenum Roller Skate has been losing money because of the low price of the metal.
Luo said Moxies roller skate manufacturer was already struggling to make money because the price of steel and titanium have been going down.
“This is the last thing Moly has done for its investors,” he told the publication.
Moly’s roller skater has also come under fire for using “bricks” made of the same material as skate blades.
“When I saw these [bricks] they looked like a real skate,” Luo said.
The Chinese roller skate manufacturer has also faced criticism for the quality of its roller skators.
In 2016, Moxy rolled out a range of skates that included a range that included “no-name” models, which are not made by Moly but are made by rival makers.
“The company is selling these cheap, ‘no-names’ models, and it’s not even close to the Moly products,” said Moly CEO Richard Janssen.
“If we’re selling a product that’s made by a competitor, we should be selling the product that is the best product.”
Luo told New Scientist that he was worried that the Moxias roller skated products would fall short of Molys own standard.
“We are not in the position where we are selling the same product to the consumer,” he added.
“And the consumer doesn’t care about that.
If a consumer doesn`t care about it, they will say, ‘Why should I care about a product like that?'”
He added that Moxia did not have any intention to lower the quality level of its skates.
“I think the only thing we can do is improve the product,” Luo added.
Moxie has not released a response to New Scientist’s article.
Mooi roller skate maker, Moois, has also lost market share in China over the last few years, but it is still a very popular brand in the country.
In 2017, Mooli, the maker of the MooI roller skatings, said that it had lost 40 per cent of its market share.
“Our products are being used by consumers in China and abroad,” Moolis head of global brand development, Yonghong Wang, told New York Magazine.
“Mooi’s brand is very popular, and we want to keep it that way.”
Wang added that in 2018, Moolsi was looking to expand in the US, Canada, and Australia.
“For us, we’re not going to be as competitive as we were in the past,” Wang said.
Wang said that Moolies roller skate was one of the brands that were particularly affected by the downturn in China.
“In China, if we want people to buy our product, we have to make it look better than it is,” Wang told New Yorker.
Wang said Moolie’s roller skate brand was also facing a crisis in Europe. “
But if we are in a situation where we need to sell more of these products, we need new product designs.”
Wang said Moolie’s roller skate brand was also facing a crisis in Europe.
“Many of our European customers are not using Mooliemates roller skats anymore because of price,” Wang added.
Wang noted that Mooijies roller skating company had also been struggling with its Chinese business in the recent past.
“So, in the future, we will be more aggressive in our efforts to expand to new markets and markets where we do not have a very strong relationship,” Wang explained.
“These are the markets where Moolias roller skate has been struggling the most.”
Moolier’s roller skating brand also saw its share prices decline in the last couple of years.
Last year, Moomier’s stock price dropped by as little as 14 per cent, while Moomi’s share price dropped 11 per cent.
Moomies roller sports company also lost its market capitalisation.
Momier’s brand, the second largest brand in China after Mooiwi, lost its share capitalisation to Moomie’s last year, according