I have the exact same issue as some of you have described on here.. it would track my walking by not cyclying route or distance.
I have just gone into my Samsung settings, Apps, Samsung Health setting and i noticed Location Information was off. I tried swicthing it to On and the setting crashed, tried again and it went back on.
Now that i have gone back to Samsung Health and gone to Bike Ride the location came on and mapped my current location.
I can only assume the updated must have disabled location service in the app.
I just need to test it on a ride now.
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