https://www.scmp.com/rss/325118/feed Founded in 2013 by five young Hongkongers, GoGoVan is an on-demand van-hailing app. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Emily Hung Emily Hung A female cyclist died after being struck by a van in Hong Kong’s North district on Sunday. The driver of the vehicle was later arrested. Police said they received a report about the collision at the junction of Ma Sik Road and Tin Ping Road, at 8.41am. The van was travelling towards Sheung Shui and knocked down the woman, 55, on a bicycle as it approached Tin Ping Road at 8.37am. The cyclist was sent to North District Hospital unconscious, and was certified dead at 9.17am, after sustaining... https://www.scmp.com/news/hong-kong/society/article/3340300/hong-kong-cyclist-killed-after-being-hit-van-sheung-shui-driver-arrested?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3340300/hong-kong-cyclist-killed-after-being-hit-van-sheung-shui-driver-arrested?utm_source=rss_feed Sun, 18 Jan 2026 06:18:51 +0000 Lalatech Holdings, the operator of on-demand logistics and delivery service known as Lalamove, has filed its long-anticipated application to go public on the Hong Kong stock exchange. The company did not specify how much it intends to raise from its initial public offering (IPO) or indicate a timetable for its listing, in the regulatory filing on Tuesday. Goldman Sachs, BofA Securities and JPMorgan Chase are the IPO sponsors. The application comes nearly two years after the Lalamove operator... https://www.scmp.com/business/banking-finance/article/3215187/lalatech-start-behind-lalamove-logistics-service-files-hong-kong-ipo-after-turning-its-back-new-york?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3215187/lalatech-start-behind-lalamove-logistics-service-files-hong-kong-ipo-after-turning-its-back-new-york?utm_source=rss_feed Wed, 29 Mar 2023 01:25:28 +0000 Shares of GogoX Holdings slumped in their Hong Kong trading debut as the city’s very first unicorn kicked off the return of the ceremonial gong after a two-year absence to mark a new initial public offering. The logistics group fetched HK$21.60 in the first transaction, compared with its initial public offering (IPO) price of HK$21.50. The stock slid 22 per cent to HK$16.72 at the close of Friday trading, giving it a HK$10.4 billion (US$1.32 billion) market value. GogoX’s co-founder and co-chief... https://www.scmp.com/business/banking-finance/article/3182875/gogox-shares-rise-hkex-trading-debut-listing-hong-kongs?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3182875/gogox-shares-rise-hkex-trading-debut-listing-hong-kongs?utm_source=rss_feed Fri, 24 Jun 2022 02:14:36 +0000 Ninja Van Group, a Singapore-based logistics start-up, raised US$578 million in its latest funding round, including an investment from Chinese e-commerce giant Alibaba Group Holding, lifting its valuation above US$1 billion as it moves closer to a potential stock listing. The series E funding round included additional capital from existing investors DPDgroup parent Geopost, investment firm B Capital Group, early-stage tech investor Monk’s Hill Ventures and Zamrud, a sovereign wealth fund... https://www.scmp.com/business/banking-finance/article/3150170/singapores-ninja-van-raises-us578-million-new-funding?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3150170/singapores-ninja-van-raises-us578-million-new-funding?utm_source=rss_feed Sun, 26 Sep 2021 09:37:59 +0000 58 Freight, the loss-making operator of Kuaigou Dache in China and GoGoX in Hong Kong and other parts of Asia, filed to go public in Hong Kong on Friday, the latest Asian logistics carrier to seek to tap the capital markets this year. The Beijing-based company did not specify a timetable for the offering or indicate how much it intends to raise in its initial public offering in regulatory filing on Friday. The filing comes as its Hong Kong logistics rival Lalamove is considering shifting its... https://www.scmp.com/business/banking-finance/article/3146706/gogox-kuaigou-dache-operator-files-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3146706/gogox-kuaigou-dache-operator-files-hong-kong-ipo?utm_source=rss_feed Fri, 27 Aug 2021 15:31:35 +0000 Hong Kong logistics start-up Lalamove has filed confidentially for an initial public offering (IPO) in the United States, becoming the latest Asian logistics unicorn to seek to tap the capital markets this year, Bloomberg reported, citing people familiar with the matter. The company, which is known as Huolala in China, is seeking to raise at least US$1 billion in the offering, the people said. The fundraising amount and other details of offering are subject to change depending on investor... https://www.scmp.com/business/banking-finance/article/3138483/hong-kong-logistics-start-lalamove-files-confidentially?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3138483/hong-kong-logistics-start-lalamove-files-confidentially?utm_source=rss_feed Wed, 23 Jun 2021 12:27:37 +0000 GoGoVan co-founder Steven Lam Hoi-yuen faced a steep learning curve after entering into a deal that created one of Hong Kong’s first unicorns about 12 months ago. Lam had to relocate to Beijing after GoGoVan agreed to merge in August last year with the company then known as 58 Suyun, the freight business of mainland Chinese online classifieds giant 58 Home, to help ramp up expansion for the combined enterprise in the world’s second largest economy. “Even though I’m also [of Chinese ethnicity],... https://www.scmp.com/tech/enterprises/article/2162760/gogovan-founder-gets-crash-course-management-after-expanding?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/2162760/gogovan-founder-gets-crash-course-management-after-expanding?utm_source=rss_feed Wed, 05 Sep 2018 00:04:30 +0000 GoGoVan, Hong Kong’s first billion-dollar “unicorn” start-up, said it has raised US$250 million in the first phase of its new round of funding, led by InnoVision Capital. Other investors include Alibaba’s logistics arm Cainiao, Russia-China Investment Fund, Hongrun Capital, Qianhai Fund of Funds, and 58 Daojia Group. Since its establishment in 2013, GoGoVan has received funding from investors globally, including Centurion Private Equity, Renren, MFund, New Horizon Capital, Alibaba Entrepreneurs... https://www.scmp.com/business/money/stock-talk/article/2155213/gogovan-secures-us250-million-fundraising-after-merger?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2155213/gogovan-secures-us250-million-fundraising-after-merger?utm_source=rss_feed Fri, 13 Jul 2018 11:12:59 +0000 A “bright” young man was jailed for four years and eight months on Friday, after his drug distribution plot was unearthed by a GoGoVan driver he hired. Joseph Chan Hei-chun requested a driver from the popular vehicle-hailing app to pick up 12 grammes of crystal methamphetamine, better known as ice, for him in 2016. He was arrested and brought to court after the driver, who found the parcel suspicious, alerted the police. In sentencing the man, High Court judge Mr Justice Kevin Zervos reminded... https://www.scmp.com/news/hong-kong/law-crime/article/2128030/hong-kong-man-jailed-after-hiring-gogovan-driver-pick?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-crime/article/2128030/hong-kong-man-jailed-after-hiring-gogovan-driver-pick?utm_source=rss_feed Fri, 12 Jan 2018 10:37:25 +0000 Now that GoGoVan has become Hong Kong’s first billion-dollar start-up, will the three founders of the on-demand van hire service pick their hometown if they ever need to raise capital to fund their expansion? “We definitely have a plan to be listed in Hong Kong,” said Steven Lam Hoi-yuen, chief executive officer and co-founder of the company, during a Beijing interview with the South China Morning Post. “That’s one of the goals as a Hong Kong company, and that’s really something that our team... https://www.scmp.com/tech/start-ups/article/2110383/what-will-it-take-gogovans-founder-raise-capital-his-hometown-hong?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/2110383/what-will-it-take-gogovans-founder-raise-capital-his-hometown-hong?utm_source=rss_feed Sat, 09 Sep 2017 04:15:45 +0000 GoGoVan’s successful merger with 58 Suyun, the freight business of mainland Chinese online classifieds giant 58 Home, has created the city’s first, billion dollar unicorn technology company. But, the local company’s success also points the way to what Hong Kong entrepreneurs need to accomplish to meet world standards. And, it also shows the serious shortcomings that new economy start-ups will encounter in Hong Kong culture. Founded in 2013, GoGoVan has established a sprawling online logistics... https://www.scmp.com/business/china-business/article/2110104/gogovans-success-disrupts-not-merely-hong-kongs-business?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2110104/gogovans-success-disrupts-not-merely-hong-kongs-business?utm_source=rss_feed Thu, 07 Sep 2017 03:45:15 +0000 Like all the best ideas, it started with a problem. For Steven Lam Hoi-yuen – the man who would go on to co-found Hong Kong’s first US$1 billion start-up – that problem was the difficulty of trying to find delivery vans. The year was 2010, and a young Lam was trying to launch his first business venture – a company selling advertisements on food takeout boxes. He and his two co-founders quickly discovered it was nigh on impossible to arrange vans that could transport the takeout boxes to the... https://www.scmp.com/tech/leaders-founders/article/2109032/how-high-school-dropout-big-ideas-founded-gogovan-hong-kongs?utm_source=rss_feed https://www.scmp.com/tech/leaders-founders/article/2109032/how-high-school-dropout-big-ideas-founded-gogovan-hong-kongs?utm_source=rss_feed Thu, 31 Aug 2017 00:00:00 +0000 GoGoVan and 58 Suyun plan to expand in mainland China and Southeast Asia after merging, aiming to become the number one intra-city logistics platform in the world, company officials said on Tuesday. The merged company, which will use the name GoGoVan in English and 58 Suyun in Chinese, plans to extend its reach to 200 more Chinese cities. It said it will start providing services to corporate clients in 40 mainland cities, and step into more Southeast Asian markets in the next two to three... https://www.scmp.com/business/china-business/article/2108854/way-go-gogovan-unicorn-reveals-global-goals-after-merger-58?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2108854/way-go-gogovan-unicorn-reveals-global-goals-after-merger-58?utm_source=rss_feed Wed, 30 Aug 2017 00:30:30 +0000 Hong Kong logistics company GoGoVan has agreed to a merger with 58 Suyun, the freight business of mainland Chinese online classifieds giant 58 Home, creating the city’s first start-up worth more than US$1 billion. The merger would also create Asia’s largest online platform in the intra-city logistics and freight business, according to China Renaissance Group, which served as exclusive financial adviser to the deal. Terms of the deal were not disclosed ahead of a joint press conference scheduled... https://www.scmp.com/tech/china-tech/article/2108658/gogovan-become-hong-kongs-first-us1-billion-start-after-merger-58?utm_source=rss_feed https://www.scmp.com/tech/china-tech/article/2108658/gogovan-become-hong-kongs-first-us1-billion-start-after-merger-58?utm_source=rss_feed Mon, 28 Aug 2017 11:00:30 +0000 Hong Kong-based startup GoGoVan is famous for its out-of-the-box marketing campaigns: And this summer, they've launched three whimsically illustrated vans—that's van jai in Cantonese. In an attempt to overthrow the stereotypical image of Hong Kong’s truck drivers being “low educated and bad mannered,” GoGoVan hooks up van drivers with young designers to give their van a makeover.  In the series of campaign videos, we see these unlikely pairs probe into each other’s lives and unravel the steps... https://www.scmp.com/magazines/hk-magazine/article/2038208/pimp-my-van-hong-kong-style-gogovan-gets-facelift-hong-kong?utm_source=rss_feed https://www.scmp.com/magazines/hk-magazine/article/2038208/pimp-my-van-hong-kong-style-gogovan-gets-facelift-hong-kong?utm_source=rss_feed Tue, 23 Aug 2016 11:00:15 +0000 Hongkongers can now save money on their commutes to work and help the environment courtesy of ride-sharing apps such as Hopsee and Ryde. Carpooling is not a new concept. Ride-hailing companies like Didi Chuxing Technology in China and San Francisco-based Uber have launched such services in some of their markets, but these are not currently available in Hong Kong. Ryde and Hopsee hope to plug this market gap. Hopsee, a taxi ride-sharing app by Hong Kong company IC Studio, launched earlier this... https://www.scmp.com/tech/apps-gaming/article/1916179/new-ride-sharing-apps-hopsee-ryde-arrive-hong-kong-challenge-uber?utm_source=rss_feed https://www.scmp.com/tech/apps-gaming/article/1916179/new-ride-sharing-apps-hopsee-ryde-arrive-hong-kong-challenge-uber?utm_source=rss_feed Wed, 24 Feb 2016 08:15:00 +0000 A driver for a mobile app-powered delivery company was fined HK$2,500 on Wednesday and banned from the road for carrying passengers for money. Li Kay-tak, 44, of GoGoVan was caught in a police sting operation. He admitted one count of driving a motor vehicle to carry passengers for hire and reward in violation of section 52 of the Road Traffic Ordinance. At Kowloon City Court, he also pleaded guilty to one count of using a vehicle without third-party insurance. Besides fining Li, Magistrate... https://www.scmp.com/news/hong-kong/law-crime/article/1849014/amid-hong-kong-uber-crackdown-driver-delivery-firm-gogovan?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-crime/article/1849014/amid-hong-kong-uber-crackdown-driver-delivery-firm-gogovan?utm_source=rss_feed Wed, 12 Aug 2015 16:30:00 +0000 Hong Kong-based logistics start-up GoGoVan has raised at least US$10 million in a Series B funding round, the company said on Thursday. Hu Zemin, former chief executive of Android app store 91 Wireless, and social media firm RenRen were among investors in the company’s latest round of funding which will be used to expand its international reach. READ MORE: Hong Kong storage start-up Boxful raises US$6.6 million in Series A funding round Founded in 2013, GoGoVan’s app connects users with more... https://www.scmp.com/tech/start-ups/article/1820275/hong-kong-based-logistics-start-gogovan-raises-us10-million-series-b?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/1820275/hong-kong-based-logistics-start-gogovan-raises-us10-million-series-b?utm_source=rss_feed Thu, 11 Jun 2015 09:45:45 +0000 In a cramped office in an old Kwun Tong Industrial building, Steven Lam Hoi-yuen and his partners toil for up to 19 hours a day, seven days a week, on their technology-driven logistics start-up. The 100 sq ft space is shared by several co-founders and employees. This is the control hub of GoGoVan, a mobile application that hooks up freelance truck drivers with individuals or businesses that need goods moving. Customers can hire the services of a driver with anything from a light-goods vehicle to... https://www.scmp.com/lifestyle/article/1406924/local-start-gogovan-going-places?utm_source=rss_feed https://www.scmp.com/lifestyle/article/1406924/local-start-gogovan-going-places?utm_source=rss_feed Fri, 17 Jan 2014 01:15:15 +0000