WM Motor and Ant Financial both participated in the round, a month after Hellobike merged with fellow bike sharing platform Youon Ditan.
China-based bicycle sharing startup Hellobike has secured $350m in a funding round featuring carmaker WM Motor Technology and Ant Financial, the financial services affiliate of e-commerce group Alibaba, Reuters reported today.
The round, which also included venture capital firm Chengwei Capital, comes just over a month after Hellobike merged with Youon Ditan, an affiliate of publicly-listed bicycle sharing service Changzhou Youon Public Bicycle System.
Founded in 2016, Hellobike operates an app-based bike sharing platform with more than 80 million…
