China’s Hellobike says raises $350 mln in latest funding round: Reuters

China’s Hellobike, a bike-sharing firm, said on Monday it has raised $350 million in its latest funding round and that investors included Alibaba’s Ant Financial.

“The success of this funding round is due to the market’s recognition of Hellobike’s business development potential amid a shake-up in China’s bike-sharing industry,” Hellobike said in a statement.