Hello (Chinese company)

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Hellobike
Native name
哈啰出行
Company typePrivate
IndustryBicycle-sharing system
FoundedMay 2016; 9 years ago (2016-05)
Headquarters
Shanghai
,
China
Websitehello-inc.com
For other uses, see Hello (disambiguation).

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 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]

In 2022, Hellobike launched its international arm under the brand name HelloRide, marking the company’s overseas expansion. HelloRide operates in regions including Singapore, Malaysia, Hong Kong, and Australia, offering shared and rental bicycles tailored to local mobility ecosystems. The overseas operations, led by Hayden Choo, have positioned HelloRide as one of the leading micromobility service providers in the Asia–Pacific region, recognized for its focus on sustainable transportation and localized partnerships.

References

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  1. ^ "Meet Hellobike, the scrappy latecomer to China's bike sharing market". The Star. Retrieved 2021-02-06.
  2. ^ 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.
  3. ^ "China's CATL, Ant Financial and Hellobike set up e-bike battery firm". Reuters. 2019-06-12. Retrieved 2020-11-12.
  4. ^ Hancock, Tom. "Hellobike eases past China's cycle-sharing pack". Financial Times.
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