Bike sharing firm Mobike is to pull out of Manchester after losing 10% of its cycles each month to theft and vandalism.
The Chinese firm said too many had been stolen, dumped in canals and bins, had locks hacked off or been set on fire.
Manchester has become the only city among 200 worldwide to lose the service because of persistent crime.
Mobike said it had already "processed refunds" and would start removing its fleet imminently from the city streets.
Mobike General Manager Jan Van der Ven said the company was "very grateful" to the city, which was the first in Europe to adopt the scheme last July.
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