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Aya Lin · · 1 min readIn brief: Ofo loses license to operate in Singapore
- Beijing-based bike-sharing startup Ofo has lost its license to operate in Singapore, as it failed to provide justification for why its license should not be revoked, The Strait Times reports.
- The company’s license has reportedly been terminated for review as of February this year amid a number of failures, including troubles implementing a QR code-based parking system that would set parking areas only within specific areas.
- The troubled startup, in an April 3 notice from the Land Transport Authority (LTA) to cancel its license, was given up to 14 days to make written representations regarding the decision.
Edited by Dante Gagelonia
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