A letter authored in April by a lawyer representing Bolt investors said the SEC was investigating whether federal securities laws were violated in connection with statements made when Bolt was raising money in 2021. Given Alipay and WeChat Pay are literally ubiquitous in both China’s online and offline retail spheres, foreign visitors may now be able to hail a Didi car, ride the subway, rent a shared bike, buy fruit from a grocer, order food delivery and even shop online for myriad Chinese e-commerce goods. In an effort to ensure Bolt owns its own destiny, the leadership team and I have made the decision to secure our financial position, extend our runway, and reach profitability with the money we have already raised