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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]
 A Hellobike in Hangzhou in 2018 | |
Native name | 哈啰出行 |
|---|---|
| Company type | Private |
| Industry | Bicycle-sharing system |
| Founded | May 2016 |
| Headquarters | , China |
| Website | hello-inc |
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.[2]
References
edit- ^ "Meet Hellobike, the scrappy latecomer to China's bike sharing market". The Star. Retrieved 2021-02-06.
- ^ a b 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.
- ^ "China's CATL, Ant Financial and Hellobike set up e-bike battery firm". Reuters. 2019-06-12. Retrieved 2020-11-12.
- ^ Hancock, Tom. "Hellobike eases past China's cycle-sharing pack". Financial Times.