China's bike sharing battle intensifies; Hellobike joins the fray with GGV Capital-backing

China's bike sharing battle intensifies; Hellobike joins the fray with GGV Capital-backing

Visual from company website.

China’s bike-sharing revolution is definitely thriving, and the capital hungry industry is seeing new players join the fray, even as existing ones are riding the boom, backed up mega funding rounds. This also comes at a time when investment in other sharing economy startups in that country has cooled.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter