On November 9, Hello Travel, a professional local travel and life service platform in China, announced the completion of a new round of financing contracts involving AN AMOUNT of US$280 million, with investment institutions including Ant Group and Alibaba. This is Ali's first investment in the shares, and it is also the second financing obtained by Hello Travel this year. So far, Hello Travel has completed financing of more than 500 million US dollars in 2021.
Obtained 4 rounds of financing in two years Ali made his first investment
In the past five years since its establishment, Hello Travel has won the favor of many well-known investment institutions including Ant Group, Alibaba, GGV Jiyuan Capital, Becoming Capital, Fosun Group, Primavera Capital and Greater Bay Area Fund, and has completed 4 rounds of equity financing in the past two years.
Hello helps industry chain partners achieve lean production
Hello Travel's various businesses have developed very rapidly, and the company has more than 500 million users in five years, achieving a successful transformation from a single shared bicycle business to a diversified travel and life service platform. After 5 years of rapid development, Hello has gradually formed a multi-channel development pattern based on travel services.
In addition to the continued blessing of the old shareholder Ant Group, the name of Alibaba appeared in this round of financing. In fact, in the financing in the first half of this year, Hello Travel also obtained the equity of the Ningde era for the first time. Prior to this, Halo Travel's two-wheeled power exchange brand "Xiaoha Power Exchange" has received joint capital injection from Ant Group and Ningde Times in 2019.
Yang Lei, CEO of Hello Travel, said: "The stakes of Alibaba and NINGDE Era are of great significance to Hello. In the future, Hello will more closely cooperate with the Ali ecosystem and the resources of the battery industry chain in the Ningde era to provide more help for the company to develop its business. ”
Rapid expansion of new and old businesses Diversified layout accelerates
As an important cornerstone business of Hello Travel, the sharing of two rounds has provided a huge user base and brand support for the rapid expansion of Halo's new business. Up to now, Haro Sharing has been stationed in more than 400 cities (including county-level cities) nationwide, with more than 500 million registered users, and more than 1,000 colleges and universities and 500 scenic spots.
In 2019, Hello established the development direction of "universal life platform based on travel", and gradually launched local travel and life services such as hitchhiking, Xiaoha power exchange, Hello taxi, Hello electric vehicle and Haro Hotel. After more than two years of development, Halo's diversified strategic layout has begun to bear fruit.
In the peak consumption season of the "Golden Nine Silver Ten" in 2021, a number of performance indicators of Hello's new and old businesses hit a record high. During this period, the daily trading volume of The Hello Ride-hailing Platform exceeded 100 million, becoming the first business of Hello with a daily trading volume of more than 100 million. The data shows that Hello Hitchhiker has covered more than 300 cities across the country and certified more than 10 million car owners. At the same time, Hello has also launched a taxi business in Guangzhou, Chengdu and other cities.
Hello electric vehicle new product release
As a new business focused on this year, Hello Electric Vehicle launched three intelligent electric vehicles during the year, and has begun to lay out internal production capacity, while continuing to expand the green travel and local life service business, while developing towards the real economy oriented by intelligent manufacturing. In addition to accelerating the layout of products and production capacity, Halo Electric Vehicle has also developed sales channels with extremely high efficiency and speed. Up to now, the cumulative number of signed stores of Hello Electric Vehicle has exceeded 5,000, ranking among the first camp in the industry.
The results of other new businesses are equally impressive. Driven by favorable policies and market demand, the two-wheel power exchange model will usher in new opportunities in the market. Up to now, Xiaoha has covered nearly 300 cities, with an average of hundreds of thousands of daily power exchange services. The rapid growth of Xiaoha power exchange has also received continuous blessings from capital, and in the past year or so, Xiaoha power exchange has completed two consecutive rounds of financing.
Yang Lei pointed out that the gradual growth and expansion of Hello is inseparable from the long-term support of 500 million users and all parties in society. Under the general trend of the country steadily promoting the work of "carbon peaking and carbon neutrality", Hello will continue to provide the public with more environmentally friendly and convenient inclusive travel and life services, and reflect its due responsibility at the environmental, social and corporate governance levels.