Ant Financial Invests $321M In Hellobike At $1.47 Billion, Creating A New Unicorn In China

Alibaba’s financial services unit Ant Financial has invested RMB2.06 billion (US$321 million) in bike sharing firm Hellobike, valuing the latter at US$1.47 billion and giving birth to a new unicorn company in China. For Alibaba, the investment is more for strategic considerations as bike sharing provides an important high-frequency interaction with consumers who uses mobile payment to rent and pay for the bikes.

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