Ant Group is the largest shareholder in the China-headquartered mobility services provider, which has chosen the US for its initial public offering.
China-based mobility services provider Hello has filed to raise up to $100m in an initial public offering that would enable Ant Group, the financial services affiliate of e-commerce group Alibaba, to exit.
Formerly known as Hellobike, Hello’s core business is its two-wheeled vehicle rental service, but it has launched a carpooling marketplace and is looking to add ride hailing and local services such as hotel reservations, grocery delivery and online advertising to its platform.
The company increased revenue 25% year…
