https://www.cnbc.com/2018/07/23/poor-strategies-have-been-holding-back-bike-sharing-expert-says.html

Mistakes in predicting regulations, poor consumer behaviors and a lack of brand loyalty could make bike sharing less profitable for companies, according to a business school professor.

Those comments come as three dockless bike-sharing companies — Gbikes, oBike and ShareBikeSg — ceased operations in Singapore just before new rules regarding the parking of vehicles took effect on July 7. Apart from Singapore, China's biggest bike-sharing platform Ofo has reportedly pulled out of Australia and Israel due to rival companies offering deposit-free services.