CNA·3 min read·medium
Singapore's bicycle rental shops fight to survive as bike-sharing grows
C
Charmaine Jacob
✦AI Summary
Traditional bicycle rental shops in Singapore are struggling to remain profitable as bike-sharing services offer cheaper and more convenient alternatives. Many long-standing shop owners are being forced to downsize or consider closing their businesses due to the shift in consumer behavior.
Three rental shop owners told CNA how bike-sharing's lower prices and convenience have forced them to downsize, diversify or consider shutting down.
businesseconomy
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