As they enter into the second half of the year ( 2018 ) .
1. oBike said they will cease their business in Singapore ( china ) With obike being a strategic partner to Odyssey(OCN)
Some major cities worldwide have announce or will introduce new regulations which is related to the issues .
1. First is the centralized nature of sharing companies, and how the majority of the platform’s revenue goes to the owners of the company and not the platform’s sharers.
2. the cost of operating a sharing company is prohibitively high, because of data storage and transmission and regulatory issues.
best of luck
