Ant-backed Chinese bike-sharing operator Hello Inc scraps US IPO plans

Ant-backed Chinese bike-sharing operator Hello Inc scraps US IPO plans

Photo: Hellobike website

China’s Hello Inc, an app-based ride services provider backed by Jack Ma’s Ant Group, on Tuesday scrapped plans for an initial public offering in the United States against the backdrop of a regulatory crackdown on U.S.-listed Chinese companies.

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