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

Photo: Reuters

Chinese bike-sharing startup Ofo, which is backed by Alibaba Group Holding Ltd, has lost its licence to operate in Singapore, the Business Times reported.

Singapore’s Land Transport Authority (LTA) in an update on April 22 said that: “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 22 April.”

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