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
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https://www.channelnewsasia.com/news/singapore/obike-stops-operations-singapore-difficulties-lta-regulations-10466736
Obike has quitted from SG.
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