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Hello Inc., an app-based urban transportation provider, has scrapped plans for a U.S. initial public offering just three months after the firm submitted its prospectus to the US Securities and Exchange Commission (SEC), according to information disclosed Wednesday on the SEC website.
Hello Inc., a Chinese mobility firm focused on bike-sharing that is also known as Hellobike, announced a brand upgrade on Monday.
In last week’s VC news, Chinese AR platform provider HiAR raised $42 million in its recent Series C round of financing, German-Chinese robotics firm Agile Robots raked in a whopping $220 million, and more.
The Chinese government warned on Thursday that companies involved in the sharing economy need to comply with regulation and price their services properly.
When it seemed like we were about to hear the eulogy to the troubled industry, Meituan-Dianping and Didi Chuxing – companies that timely bought into bike-sharing flag-bearers Mobike and Bluegogo – started revitalizing their bicycle fleets.
On Wednesday, Hello Inc. announced the launch of its own self-driving car rental service. Users can open the Hello Inc. APP, click and enter Hello Car Rental interface, and select the time and location of renting a car.
According to a source related to investment institutions, comprehensive mobile travel platform Hello Inc. is to complete a new round of financing, coming in at a higher valuation than before.