Ant Group signed a strategic cooperation agreement with Contemporary Amperex Technology (SHE:300750) and bicycle-sharing transport platform Hellobike, The Standard reported, citing mainland Chinese media.
The cooperation between the Alibaba (HKG:9988) affiliate, the battery giant, and bicycle platform will focus on green and smart mobility, as well as technology, environment-friendly operation and investment, among others, the report said.
The three parties will also work on a joint venture to facilitate commercialization, The Standard said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.