Chinese bicycle-sharing firm, HelloRide, enters Singapore

With HelloRide, the total number of shared bikes here stands at 36,000. - LTA

SINGAPORE (The Straits Times/Asia News Network): The Land Transport Authority (LTA) has allowed a Chinese bicycle-sharing operator to set up shop here - the first time since China-based players exited the market, leaving a mess of uncollected bikes and unpaid user refunds.

In a statement on Friday (July 1) morning, the authority said HelloRide, a major player in China, has been awarded a Type 2 sandbox licence to operate a fleet of up to 1,000 shared bicycles.