Chinese bike-sharing firm has gone bankrupt - Part 2

https://sg.finance.yahoo.com/news/china-bike-sharing-firm-no-1-bicycle-shutters-020150045--finance.html

Another casualty in China!

This is not surprising as we've been stating that bike sharing is a flawed business concept.

https://sg-stock.blogspot.sg/2017/11/chinese-bike-sharing-firm-has-gone.html