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