Alibaba-Backed Hello Chuxing Seeks to Nearly Double Valuation to USD4 Billion
Zhang Yushuo
DATE:  May 15 2019
/ SOURCE:  yicai
Alibaba-Backed Hello Chuxing Seeks to Nearly Double Valuation to USD4 Billion Alibaba-Backed Hello Chuxing Seeks to Nearly Double Valuation to USD4 Billion

(Yicai Global) May 15 -- Hello Chuxing, a Chinese bike sharer backed by Alibaba Group Holdings, aims to secure billions of US dollars in investment to reach an evaluation of USD4 billion, almost double when compared to the time of its previous round, tech news outlet Ifeng reported today. 

Last December, the Shanghai-based firm completed a CNY4 billion (USD582 million) round of financing, led by Primavera Capital and Alibaba's fintech affiliate Ant Financial Services Group, with an evaluation of at least USD2.5 billion.

Editor: Emmi Laine 

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Keywords:   Bike-sharing,Hello Chuxing,investment,finance