Chinese bike sharing firm Hellobike said it has raised RMB1 billion (US$152 million) in a D2 financing round led by Fosun Group and GGV Capital. The news came three weeks after the bike company raised US$350 million in a series D1 round, putting the company’s fundraising total to just over a half billion U.S. dollars in the past month and placing it in a strong position to compete with industry leaders Mobike and ofo. Hellobike, which just merged with peer …

China’s Bike-Sharing War Far From Over As Hellobike Raises $500M This Month To Escalate Competition appeared first on China Money Network.