China: WM Motor invests in Hellobike; JD.com-backed fund bets on Qiandama

Image from Hellobike website

WM Motor has announced a strategic investment in Hellobike, while JD.com’s investment arm makes a new investment in Qiandama to expand its offline services.

WM Motor invests in Chinese bike sharing startup

WM Motor, an emerging Chinese electric vehicle maker, has made an undisclosed investment in China’s bike-sharing startup Hellobike, according to a China Money Network report.

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