Rows of Ofo bicycles seen parked at a pavement in Singapore. Photo: Bloomberg

Ailing Chinese bike-sharing service Ofo gets Singapore licence suspended

  • The Beijing-based firm, which is on the verge of bankruptcy, will have to remove all its 25,000 yellow bicycles from the island nation before March 13
  • Ofo’s woes are casting a shadow over the bike-sharing industry, which seemed a potentially lucrative idea when it first emerged
Topic |   Singapore

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Rows of Ofo bicycles seen parked at a pavement in Singapore. Photo: Bloomberg
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