Didi, Hellobike refill war chest as competition in mobility sector heats up

Didi, Hellobike refill war chest as competition in mobility sector heats up

REUTERS/Carlos Jasso

Chinese ride-hailing giant Didi Chuxing is reportedly raising $2 billion from investors while bike-sharing firm Hellobike secured $400 million in an Ant Financial-led funding round as part of efforts to beef up their war chest as competition in the sector escalates.

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