Meet Hellobike, the scrappy latecomer to China’s bike sharing market

Hellobike currently operates in 300 cities across China with more than 20 million rides booked every day.

Staying in business for two years is not usually cause for a big celebration, but in China’s ruthlessly competitive bike sharing industry surviving even for that relatively short period of time is a major achievement.

So when Shanghai-based Hellobike, known for its signature blue and white coloured bikes, threw a two year anniversary party at the city’s W Hotel on the Bund, it seemed entirely appropriate given that the start-up has clawed its way to number three spot behind Beijing-based Mobike and Ofo, which were founded three and four years ago respectively.