China’s bike-sharing firm Hellobike has raised RMB2.06 billion ($321 million) in its latest funding round from Alibaba Holding Ltd’s Ant Financial, giving the startup a valuation of $1.47 billion, creating yet another unicorn in China.
According to a security filing by Hellobike-owner Youon Bike, Ant Financial is now the largest shareholder with a 36 per cent stake in its arm, Youon Low Carbon Technology. Meanwhile, Youon Bike has reduced its stake from 10.29 per cent to 8.86 per cent.
