Less than two months after taking part in Hellobike's $700m series E1 round, Ant Financial has invested another $321m at a $1.47bn valuation.

China-based bicycle rental service Hellobike has raised RMB2.06bn ($321m) from Ant Financial, the China-based financial services affiliate of e-commerce group Alibaba, China Money Network reported today. The transaction has bestowed unicorn status on Hellobike, which is now valued at $1.47bn. Ant Financial has become the largest shareholder in the business, owning a 36% stake. Hellobike…

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