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GoBee.bike, the first local bike-sharing firm in Hong Kong, has announced it will cease its operations in the city on July 18, only one year and three months after the services were firstly launched.
The Hong Kong startup said the decision was made due to its financial situation and being unable to profit from services, as costs of maintaining the bikes were too high while business grew slowly.
Unlike bike-sharing giants in mainland China such as Mobike and
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