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Ant Financial Invests RMB 1.9 Bln to Increase Stake in Hellobike to 36.7%

Youon, 6/01/18

Changzhou-based public bicycle system operator Youon Public Bicycle System, which, via subsidiary Youon Low Carbon Technology, operates mobile bike share apps Youon and Hellobike, disclosed today that Alibaba Group (NYSE: BABA) financial services affiliate Ant Financial and other investors apart from Youon Public Bicycle have made a capital increase of RMB 2.06 bln in Youon Low Carbon. Read More

Ant Financial Joins RMB 810 Mln Investment in Shared Bike Operator Youon Low Carbon

Youon Public Bicycle System, 9/19/17

Changzhou-based public bicycle sharing service operator Youon Public Bicycle System (603776.SH) recently announced that its wholly-owned dockless bicycle sharing subsidiary Jiangsu-based Youon Low Carbon Technology plans to add eight new investors including Ant Financial subsidiary Yunxin Venture Capital, Shenzhen Capital Group, and Lingji Enterprise Management Center. Read More