Hello Chuxing transitions to selling intelligent e-bikes after lackluster performance in bike-sharing service

Bike-sharing startup Hello Chuxing has started selling “intelligent” electric bikes in China, it said on Wednesday during a product launch ceremony held in Beijing, diversifying from its original bike-sharing business, ahead of a reportedly USD 2 billion initial public offering in the US this quarter. Established players in the e-bike sector have been doing well financially. Yadea (HKSE: 1585) sold…
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