Less than two months after taking part in Hellobike's $700m series E1 round, Ant Financial has invested another $321m at a $1.47bn valuation.
China-based bicycle rental service Hellobike has raised RMB2.06bn ($321m) from Ant Financial, the China-based financial services affiliate of e-commerce group Alibaba, China Money Network reported today.
The transaction has bestowed unicorn status on Hellobike, which is now valued at $1.47bn. Ant Financial has become the largest shareholder in the business, owning a 36% stake.
Hellobike operates an app-based bicycle sharing service that boasted 100 million registered users as of April this year, according to Kr Asia. It is currently available…
