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Saturday, June 16, 2018

Bike sharing business concept is not working in Singapore anymore.

http://theindependent.sg/bike-sharing-companies-might-have-to-cycle-out-of-singapore-markets-due-to-new-legislation/

We've stated before that this kind of business concept is flawed and won't be sustainable.  Therefore, we're not surprised that they're downsizing and getting out of SG.

https://sg-stock.blogspot.com/2017/08/shared-bikes-business-model-is-flawed.html

1 comment:

Eric Ho said...

https://www.channelnewsasia.com/news/singapore/obike-stops-operations-singapore-difficulties-lta-regulations-10466736

Obike has quitted from SG.