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Hellobike Raises $700m Round From Ant Financial And Fosun – China Money Network

by chinamoneynetwork.com posted 9months ago 49 views
Chinese bike sharing firm Hellobike has raised a new financing round of US$700 million from existing investors including Ant Financial and Fosun Group, as well as seven new investors, according to Chinese local media.Hellobike, Ant Financial and Fosun did not immediately respond to China Money Network’s emails seeking for comments. The deal further complicates the competitive landscape of the sharing bike market in China. After Chinese group-buying and location-based services firm Meituan Dianping acquired bike sharing firm Mobike, and Alibaba leading a … Hellobike Raises $700M Round From Ant Financial And Fosun appeared first on China Money Network.

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