Hellobike

Hellobike (Chinese: 哈啰出行; lit. 'Hello travel') is a transportation service platform based in Shanghai, China. Founded in 2016, the company merged with Youon Bike the following year.[1]

Hellobike
Native name
哈啰出行
TypePrivately-held company
IndustryBike-sharing
FoundedMay 2016 (2016-05)
Headquarters
Shanghai
,
China
Websitehelloglobal.com
A Hellobike in Hangzhou in 2018

Hellobike first focused on building market share for its bicycle-sharing service in China's second- and third-tier cities, before shifting its focus to China's largest urban regions.[2]

In recent years, Hellobike has expanded aggressively in the areas of electric scooter and electric bike transportation. In 2019, Hellobike and Contemporary Amperex Technology Co Ltd announced a US$145 million electric battery joint venture.[3] This operation aims to develop a network of stations that would enable riders to pick up fully-charged batteries.

In a series of fundraising rounds dating back to 2016, Hellobike has raised over US$1.8 billion from investors. Ant Group, the company's largest single investor, holds an estimated 36 percent share in Hellobike.[4]

In the highly-competitive Chinese bike sharing market, Hellobike's primary rival is Mobike.[5]

References
  1. "Meet Hellobike, the scrappy latecomer to China's bike sharing market | The Star". www.thestar.com.my. Retrieved 2021-02-06.
  2. Choudhury, Saheli Roy (2018-08-29). "Still 'a lot of space' for competition in China's bike-sharing frenzy, says start-up exec". CNBC. Retrieved 2021-02-06.
  3. Reuters Staff (2019-06-12). "China's CATL, Ant Financial and Hellobike set up e-bike battery firm". Reuters. Retrieved 2020-11-12. {{cite news}}: |author= has generic name (help)
  4. Hancock, Tom. "Hellobike eases past China's cycle-sharing pack". Financial Times.
  5. Choudhury, Saheli Roy (2018-08-29). "Still 'a lot of space' for competition in China's bike-sharing frenzy, says start-up exec". CNBC. Retrieved 2021-02-06.
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