Hellobike Will Go Public When the Time Is Right, Co-Founder Says

Hello Bike claims to be the leading bike-sharing company in China, surpassing competitors like Mobike and Ofo. The company has achieved market dominance since April 2018 by capturing half the market share. Their strategy focuses on monetizing daily rides, which has proven sustainable across over 100 cities. Despite challenges faced by the industry, Hello Bike has avoided pitfalls by adhering to business fundamentals. Currently valued at $5 billion, the company is well-capitalized and may consider future funding. Discussions with SoftBank have occurred, but no deal is imminent. An IPO is planned, with expectations of significant growth in valuation.

What is Hello Bike's claim regarding its position in the bike sharing market?

How does Hello Bike manage to break even from daily rides?

What challenges did the bike sharing industry face in its early years?

What are Hello Bike's future funding targets and current valuation?

What is the company's stance on going public and its expected valuation?