(Aug 21): Sean Tay now understands what it is like to be disrupted out of your business. His family runs 10 bicycle rental kiosks here — under the banner of Cycle Max — and has watched demand take a hit after bike-sharing companies Mobike, ofo and oBike launched services across the island state. “We are sitting ducks if we don’t do something,” says 25-year-old Tay.

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