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June 12, 2019 10:52 am GMT

Alibabas Ant Financial and Hellobike team up on $145M e-bike battery JV

Shared e-scooters aren’t just gaining popularity in the United States; they’re hitting the streets of China, too. Recognizing the possibility that some people just don’t want to pedal that last mile, China’s transportation startup Hellobike is setting up a 1 billion yuan ($145 million) joint venture with Alibaba’s financial affiliate Ant Financial and battery maker […]

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