Primavera Capital and Ant Financial led a $580m funding round in Hello TransTech.

Synopsis

Primavera Capital, an Asia Pacific-based investment firm, and Ant Financial, an affiliate company of the Chinese conglomerate Alibaba Group, led a $580m funding round in Hello TransTech, a China-based bike-sharing start-up.

Principals

target

Hello Transtech

bidder

Ant Financial Services Group Co

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Market Context

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Seller Team (1)

yang lei

CEO at HELLO TRANSTECH

Manager

target

Deal

£ 509 M

Total Value

Bidder Team (3)

eric jing

CEO at ANT FINANCIAL SERVICES GROUP CO LIMITED

Manager

bidder

Deals

£ 8.15 B

Total Value

gigi ng

CFO at PRIMAVERA CAPITAL

Investor

bidder

Deal

£ 509 M

Total Value

fred hu

Founder, Chairman and CEO at PRIMAVERA CAPITAL

Investor

bidder

Deals

£ 5.59 B

Total Value

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