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13 April 2018

Hellobike turns wheels toward $700m

Existing investors Fosun and Ant Financial contributed to the first tranche of the bicycle rental platform's series E round, four months after a $500m series D.

Author: Robert Lavine, News Editor

China-based bicycle rental service Hellobike has secured about $700m in series E1 funding from investors including conglomerate Fosun and Ant Financial, the financial services affiliate of e-commerce group Alibaba, Yicai reported today.