oBike’s $10M Debt Settlement Drags On As Investor Stands Firm On Demand: “I Asked For Invoices”
Various creditors have filed about $768,700 worth of claims against oBike, higher than the expected $497,700 as stated in the firm's records.
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oBike On Verge Of Liquidation, But Majority Shareholder Says He’s Willing To Settle Its Multi-Million Dollar Debt
As oBike Singapore liquidates, amounts owed to local creditors have chalked up at least S$1.7 million and this 29-year-old wants to pay off everything.
oBike Investigated For Allegedly Misappropriating Funds After Transferring S$10M To HK Office
Police are now investigation oBike for allegedly misappropriating funds. The bike-sharing company owes Singapore users S$8.9 million in total.
Only 5 Out Of 8 Bike-Sharing Firms Remain In S’pore – How Many Will Finish The Race?
Out of the remaining 5 bike-sharing operators, Anywheel, Mobike, ofo and SG Bike have submitted their applications to LTA to obtain their two-year license.
oBike Ordered To Remove All 14,000 Bikes By 4 July – Must Pay Towing And Storage Fees To Reclaim Bikes
LTA also shared that oBike or its liquidator "will have to pay the relevant towing and storage fees in order to claim impounded bicycles from LTA".
Following oBike Saga, Mobike Removes $49 Deposit Policy For Existing And New Users In S’pore
Bike-sharing operator Mobike waives its $49 deposit policy for its existing and new Singapore-registered users.
oBike Users Fail To Get $49 Deposit Refunds Following Its S’pore Exit – LTA Directs Matter To CASE
The bike-sharing company has neither apologised nor addressed how they will deal with users' deposits and the remaining oBike bicycles still on the road.
End Of The Ride: oBike Ceases Operation In S’pore, Cites Difficulties With LTA Regulations
According to oBike, the sudden decision to terminate is due to difficulties to fulfil the new requirements released by Land Transport Authority.
oBike Blames “Technical Lapse” For SVIP Conversion Issue – Reportedly Delaying Refunds Since February
oBike claims that this issue was caused by a "technical lapse" in their system due to the global push of their SVIP membership.
Attention oBike Users – Your $49 Deposit May Have Been “Secretly Converted” Into A SVIP Subscription
oBike has been "secretly converting" the deposits in users' idle accounts into its 1095-day Super VIP (SVIP) Membership subscription.
GrabCycle Lets You Choose Which Bike To Ride In One App – To Launch By First Half Of The Year
The GrabCycle app will aggregate oBike, GBikes, Anywheel, and Popscoot into a single app, allowing consumers to rent bicycles and e-scooters.
New LTA Regulations Will Pressure Bike-Sharing Companies To Be Stricter With Rogue Users
With QR code-based geofencing solution, LTA pressures bike-sharing firms in Singapore to be stricter with users to tackle indiscriminate parking problems.