China's Hellobike raises $350m in latest funding round backed by Ant Financial

China's Hellobike raises $350m in latest funding round backed by Ant Financial

Photo: Hellobike website

Chinese bicycle-sharing firm Hellobike said on Monday it raised $350 million in its latest funding round from investors including Alibaba Group Holding Ltd’s Ant Financial, confounding recent signs of strain in the nascent industry.

Bring stories like this into your inbox every day.

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