Bicycle sharing startup Hellobike has received an undisclosed amount of funding from the electric vehicle developer, three months after closing a series B round.

Electric vehicle developer WM Motor has invested an undisclosed nine-figure renminbi (RMB100m = $14.7m) amount in China-based bike sharing service Hellobike, China Money Network reported on Monday. Hellobike runs a bicycle rental service that operates in 90 Chinese cities, typically in urban centres with populations of 5 to 10 million. It intends to expand its…

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