TRANSPORT & LOGISTICS | Staff Reporter, Hong Kong
view(s) exits Hong Kong

Users can refund deposits until 10 August. will cease its Hong Kong operations amidst its “financial situation”, CEO Raphael Cohen revealed.

“After over a year in service, we unfortunately have not been able to make the service profitable, and the financial costs of maintaining the bikes in their best condition has proven to be too high for us to sustain the business,” he explained.

The CEO added that riders can still use the bikes until 17 July. He also assured them that their deposits are secured and can be fully refunded.

“As our customers are the most important to us, we have taken care of ensuring the deposits would be handled in a proper way,” Cohen said.

The deposit refund instructions are available in’s Facebook page. Users can process refund processes until 10 August.

“Last but not the least, we apologise for not being able to serve our users in Hong Kong and the inconvenience that has caused [them],” the CEO said.

RSM Corporate Advisory’s Osman Mohammed Arab and Wong Kwong Kweung have been appointed as liquidators for the bike-sharing platform. was launched in Hong Kong on April 2017.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.