The bicycle rental service, which counts Ant Financial, Fosun and WM Motor among its investors, is said to be targeting $500m to $1bn in its next round.
Hellobike, the China-based bicycle rental platform backed by corporates Ant Financial, WM Motor and Fosun, is seeking $500m to $1bn in new funding, Bloomberg reported today, citing people familiar with the matter.
Founded in 2016, Hellobike runs an app-based bicycle rental service with 200 million registered users. Company co-founder and president Li Kaizhu told Bloomberg in January this year it intends to go public some time in the future.
Ant Financial, e-commerce group Alibaba’s financial services and payment affiliate, co-led…
