<article>Chinese bike-sharing startup <a href="https://www.dealstreetasia.com/tag/Ofo">Ofo</a>, which is backed by Alibaba Group Holding Ltd, has lost its licence to operate in Singapore, the Business Times <a href="https://www.businesstimes.com.sg/transport/ofo-loses-bicycle-sharing-licence-in-singapore">reported</a>.</article>

Chinese bike-sharing startup <a href="https://www.dealstreetasia.com/tag/Ofo">Ofo</a>, which is backed by Alibaba Group Holding Ltd, has lost its licence to operate in Singapore, the Business Times <a href="https://www.businesstimes.com.sg/transport/ofo-loses-bicycle-sharing-licence-in-singapore">reported</a>.
Singapore’s Land Transport Authority (LTA) in an update on April 22 said that: &#8220;As ofo has not provided LTA with sufficient justifications on why its licence should not be cancelled, LTA cancelled ofo&#8217;s bicycle-sharing operating licence on 22 April.”
Ofo will not be able to offer dockless bike-sharing services in public spaces in Singapore without this licence.
Its licence was suspended in February this year after it failed to meet regulatory requirements, such as failing to implement a QR code-based parking system that would allow its bicycles to be parked only within specified areas.
It was later given time until March 28 to meet these requirements, as the firm had told the LTA that it was in &#8220;advanced stages of negotiation&#8221; to partner with another party to resume operations and fulfil the conditions.
Unlicensed operators can face a fine of up to $10,000 and/or a jail term of up to six months, with a further fine of $500 for each day the offence continues after conviction.
Ofo had been operating in Singapore since early 2017 and once had more than 90,000 bikes deployed here, according to a former employee.
Ofo’s Singapore operations have come under pressure since local transport authorities began clamping down on bike-sharing companies.
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Ofo will not be able to offer dockless bike-sharing services in public spaces in Singapore without the licence. 

Ofo's bike-sharing licence cancelled by Singapore's transport authority

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Ofo's bike-sharing licence cancelled by Singapore's transport authority

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