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.
Hello there I am so happy I found your blog, I really found you by accident, while I
was researching on Yahoo for something else, Nonetheless I am here
now and would just like to say cheers for a tremendous post and a all round enjoyable blog (I also love the theme/design), I don’t have time to read through it
all at the minute but I have bookmarked it and
also added in your RSS feeds, so when I have time I will be
back to read more, Please do keep up the great work.
Fantastic blog you have here but I was wanting to know if
you knew of any user discussion forums that
cover the same topics discussed in this article? I’d really like to be a part of community where I can get comments from
other knowledgeable people that share the same interest.
If you have any suggestions, please let me know. Thanks a lot!
Wow, this piece of writing is fastidious, my sister is analyzing such things, therefore I am
going to tell her.
Highly descriptive article, I enjoyed that a lot. Will
there be a part 2?
It’s remarkable for me to have a web page, which is valuable for my know-how.
thanks admin
Way cool! Some very valid points! I appreciate you penning this post plus the rest of the site is extremely good.
I’m gone to tell my little brother, that he should also visit this webpage on regular basis to get updated from hottest news update.
It’s an remarkable piece of writing designed for all the web visitors; they will
take benefit from it I am sure.
An outstanding share! I have just forwarded this onto
a friend who had been conducting a little research on this.
And he in fact bought me breakfast because I stumbled upon it for him…
lol. So let me reword this…. Thank YOU for the meal!!
But yeah, thanx for spending the time to talk about this subject here on your website.