Alibaba and Ant Financial jointly announced earlier this month that the Chinese e-commerce conglomerate would purchase a 33 percent stake in the latter.
Ant Financial has expanded its footprints outside of China, through offering services or investing in local players, in countries like India, South Korea, Singapore, Thailand, Malaysia, the US, Japan,
As Chinese users are used to subsidies, free trials, and coupons, having Alibaba, or its adequate capital behind its back, Hellobike is likely to take on the already fierce fight with top players in t