(Yicai Global) Jan. 6 -- Bike-Sharing service provider Hellobike had more than 300 million registered users as of the end of last year.
 

Its Alibaba Group Holding-invested operator, Shanghai Junzheng Network Technology, said its business now operates in more than 360 Chinese cities and its online car-hailing arm also runs in more than 300.

 Hellobike is a relative latecomer to China's once cut-throat online bicycle rental sector that has already seen several outfits fall by the way,  notwithstanding its youth, but the company is gradually gaining market ground and becoming a major player in the field with the financial and technological support of the Hangzhou-based tech titan which is its major investor.

Editor: Ben Armour