Updated 28 December, 2017: This article has been updated to correct the statement that Hello Bike completed its Series D1 financing round on December 12th. The financing was completed on December 4th.

Despite the spectacular demise of bike rental companies such as Coolqi and Bluegogo, the market is still alive and kicking. Hello Bike (哈罗单车) announced today the completion of RMB 1 billion worth Series D2 round of financing led by Fosun Capital, GGV and other investors.

Less than a month ago, on December 4th, Hello Bike completed its Series D1 financing round worth $350 million.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.