Chinese bike-sharing company Ofo’s licence was cancelled by the Singapore transport authority after missing a deadline to remove its bicycles from public spaces as of March.
“As Ofo has not provided LTA with sufficient justifications on why its licence should not be cancelled, LTA cancelled Ofo’s bicycle-sharing operating licence on April 22,” a spokesman for Singapore’s Land Transport Authority said.
It means Ofo will not be able to offer dockless bicycle-sharing services in public places in the country anymore.
The authority said in March that Ofo has failed to ensure its bikes were parked in the right areas and failed to reduce its bike fleet to the cap of 10,000 despite multiple warnings.
Ofo later confirmed the news with Chinese media, saying it will quit the Singapore market. The city state is the first destination of Ofo’s overseas expansion. It launched bike-sharing services in Singapore in March 2017.
The company has been downsizing its overseas markets since the second half last year on liquidity pressure. It has closed operations in Australia, Germany, South Korea, Spain, Israel and some cities in the United States.