Hello TransTech (previously known as HelloBike) increased sales by 104% to CNY 1.4 billion in Q1 2021. At the same time, net profit has decreased to 383 million yuan from 632 million yuan in the same period last year (-39% YoY). Hello TransTech was founded in 2016 and started by developing and operating a bike-sharing mobile application. For the first time, this included electric vehicles, which brought in CNY 70 million in revenue for the first time.
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