Asian Tech Press (Nov 09) -- Chinese transportation service platform Hellobike announced the completion of a new funding round of $280 million. The investors include Ant Group and Alibaba. This is the first time Alibaba has taken a stake in Hellobike, and it is also the 2nd funding round Hellobike has received so far this year. So far, the company has raised more than $500 million in 2021. This March, Hellobike closed a financing round of $234 million, with CATL participating in the investment.

Based in Shanghai, Hellobike has received investment from many investment institutions, including Ant Group, Alibaba, GGV Capital, Fosun Group, and Primavera Capital Group, and has completed four rounds of equity financing in the past two years.