https://www.scmp.com/rss/502859/feed Previously known as EasyVan, Lalamove is an on-demand logistics company based in Hong Kong. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Fiona Sun Fiona Sun Carrying luggage and weeping, residents of the sole tower spared in the deadly blaze at Hong Kong’s Wang Fuk Court in Tai Po returned to their flats on Wednesday to collect valuables, warm clothes, personal documents, home appliances and pets. Some of those who returned to Wang Chi House said they felt heartbroken going back, even though their flats were largely unaffected. They arrived individually and also by shuttle buses, accompanied by government personnel. Two members of each household... https://www.scmp.com/news/hong-kong/society/article/3335071/residents-sole-block-spared-hong-kong-fire-return-home-collect-essentials?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3335071/residents-sole-block-spared-hong-kong-fire-return-home-collect-essentials?utm_source=rss_feed Wed, 03 Dec 2025 10:24:40 +0000 Hong Kong faces a pressing need to redefine its approach to innovation and risk. To thrive amid evolving global dynamics, the city must embrace a shift away from the pervasive fear of failure that is stifling creativity and curtailing risk-taking, hindering the potential of individuals and businesses alike. In a world where betting on oneself has become the cornerstone of value creation, Hong Kong must foster a climate that encourages bold decisions and recognises the educational value of... https://www.scmp.com/opinion/hong-kong-opinion/article/3267251/why-hong-kong-needs-embrace-failure-succeed?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3267251/why-hong-kong-needs-embrace-failure-succeed?utm_source=rss_feed Thu, 20 Jun 2024 12:30:09 +0000 “Hyperlocality” and open dialogue between regulators, businesses and investors, can help retain the vibrancy of Asia’s start-up ecosystem, industry leaders said at the FII Priority conference in Hong Kong. “We apply the same business model and the same technical structure everywhere but we globalise our people and localise our approach,” said Paul Loo the chief operating officer of Hong Kong logistics company Lalamove on a panel about venture capital and Asian start-ups. According to Crunchbase... https://www.scmp.com/business/banking-finance/article/3244402/fii-conference-open-dialogue-hyperlocal-approach-are-keys-asias-vibrant-start-ecosystem-industry?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3244402/fii-conference-open-dialogue-hyperlocal-approach-are-keys-asias-vibrant-start-ecosystem-industry?utm_source=rss_feed Fri, 08 Dec 2023 10:30:21 +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 Hong Kong-based Lalamove, an on-demand logistics start-up, considers its home city to be first choice in the event of a future stock market listing, according to chief operating officer Paul Loo. “Hong Kong will be our first choice of market to go public if Lalamove decides to have an initial public offering in future,” he said. “There are many legal, accounting and banking professionals in Hong Kong to support technology companies to raise funds in the capital markets. “The Hong Kong... https://www.scmp.com/business/banking-finance/article/3196149/online-delivery-start-lalamove-favours-hong-kong-future?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3196149/online-delivery-start-lalamove-favours-hong-kong-future?utm_source=rss_feed Mon, 17 Oct 2022 01:30:11 +0000 More than 20 major Shenzhen-based companies, including video gaming and social media giant Tencent Holdings and telecommunications equipment maker Huawei Technologies Co, on Friday vowed to bolster user data safeguards ahead of the roll-out of China’s Personal Information Protection Law (PIPL) on November 1. The companies, all of which operate popular apps used by consumers and businesses, pledged to abide by 10 initiatives that promote the “healthy and sustainable development” of the internet... https://www.scmp.com/tech/policy/article/3153448/tencent-huawei-other-major-shenzhen-firms-bolster-user-data-safeguards?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3153448/tencent-huawei-other-major-shenzhen-firms-bolster-user-data-safeguards?utm_source=rss_feed Sat, 23 Oct 2021 10:36:46 +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 Chinese regulators on Friday summoned some of the country’s biggest internet platform operators – including Alibaba Group Holding, Tencent Holdings, Meituan and Didi Chuxing – to a meeting to discuss their efforts to protect the basic rights of gig economy workers, following new guidelines issued by the government in July. The 10 internet companies called to the meeting were directed to “play a leading role” in caring for these workers and shouldering the social responsibilities for employing... https://www.scmp.com/tech/policy/article/3148357/chinas-regulators-ramp-pressure-alibaba-tencent-other-major-internet?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3148357/chinas-regulators-ramp-pressure-alibaba-tencent-other-major-internet?utm_source=rss_feed Fri, 10 Sep 2021 13:00:22 +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 is considering moving its planned US$1 billion initial public offering to Hong Kong as a crackdown on technology firms and a series of new rules on overseas listings by Beijing has cast a pall on US listings by mainland and Hong Kong companies, Bloomberg reported, citing people familiar with the matter. Lalamove, which filed confidentially in June to go public in the US, could still decide to pursue a listing on an American bourse, the people said. The... https://www.scmp.com/business/banking-finance/article/3141105/lalamove-considers-shifting-planned-us1-billion-ipo-hong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3141105/lalamove-considers-shifting-planned-us1-billion-ipo-hong?utm_source=rss_feed Wed, 14 Jul 2021 11:30:22 +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 Momentum appears to be gathering for Hong Kong entrepreneurs and start-ups, as the city’s technology incubators are begging to make their impact felt, while three early-stage companies raised enough money to increase their valuations to US$1 billion, to reach the so-called unicorn status. Before the successful fundraising by SenseTime, GoGoVan or Lalamove vaulted into, or close to, the unicorn club, Hong Kong was criticised for being late in embracing the city’s start-ups, compared with mainland... https://www.scmp.com/business/companies/article/2116501/hong-kongs-start-ups-gather-momentum-after-sensetime-gogovan-and?utm_source=rss_feed https://www.scmp.com/business/companies/article/2116501/hong-kongs-start-ups-gather-momentum-after-sensetime-gogovan-and?utm_source=rss_feed Sun, 22 Oct 2017 13:24:39 +0000 It has been more than a month since logistics company GoGoVan became the first Hong Kong start-up to be valued at more than US$1 billion, and now rival Lalamove has staked its claim as the city’s next “unicorn” after raising US$100 million from a new round of funding. A unicorn is a start-up valued at a US$1 billion or more. Here are five things everyone should know about these two companies: Watch: Hong Kong’s high-flying start-ups FOUNDERS: Young entrepreneurs Steven Lam Hoi-yuen, Nick Tang... https://www.scmp.com/tech/start-ups/article/2114962/all-you-need-know-about-high-flying-hong-kong-start-ups-gogovan-and?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/2114962/all-you-need-know-about-high-flying-hong-kong-start-ups-gogovan-and?utm_source=rss_feed Thu, 12 Oct 2017 01:00:45 +0000 Hong Kong logistics start-up Lalamove said on Wednesday that it has raised US$100 million in the latest round of funding, placing its valuation to close to US$1 billion, giving further impetus to its expansion plans in Southeast Asia and maintain its market leadership in China. The funding round was led by ShunWei Capital, a venture capital firm that counts Xiaomi CEO Lei Jun as one of its founders. The investment round also saw participation from previous investors such as Xiang He Capital and... https://www.scmp.com/tech/start-ups/article/2114913/lalamove-track-become-next-start-unicorn-hong-kong?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/2114913/lalamove-track-become-next-start-unicorn-hong-kong?utm_source=rss_feed Wed, 11 Oct 2017 08:46:20 +0000 It is many an entrepreneur’s dream to raise the first million dollars, then move beyond Hong Kong to conquer other markets. But to do that, a good concept is not enough, because even the best idea requires large amounts of blood and sweat as well as a never-say-die attitude, as one start-up founder put it. “It doesn’t matter if a hundred people reject you, what matters is that [at least] one person believes in your vision,” said Shing Chow, co-founder and CEO of Lalamove, an online vehicle... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/2097850/charting-road-success-beyond-hong-kong-delivery?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/2097850/charting-road-success-beyond-hong-kong-delivery?utm_source=rss_feed Mon, 12 Jun 2017 00:01:20 +0000 Hong Kong logistics start-up Lalamove has raised US$30 million to expand across more cities in China and Southeast Asia, as the company readies for a potential public listing within the next three years. Lalamove is an on-demand logistics service that was founded in Hong Kong in 2013. Like Uber, users can hail a delivery van to help with tasks like home moving by placing an order on the Lalamove app. Lalamove’s latest funding round was led by Beijing venture capital firm Xianghe Capital.... https://www.scmp.com/tech/article/2061253/lalamove-raises-us30m-fund-expansion-china-and-southeast-asia?utm_source=rss_feed https://www.scmp.com/tech/article/2061253/lalamove-raises-us30m-fund-expansion-china-and-southeast-asia?utm_source=rss_feed Wed, 11 Jan 2017 09:16:00 +0000 Hong Kong-based start-up Lalamove, described by some media as the "Uber for logistics", has raised another US$10 million in funding as it attempts to grow its foothold in mainland China, it said on Tuesday. The on-demand delivery service connects drivers of vans with potential customers in need of moving or delivery services. It operates in Hong Kong as EasyVan, mainland China as Huolala, and Taiwan, Thailand and Singapore as Lalamove. The company will use the money, which follows another US$10... https://www.scmp.com/tech/start-ups/article/1856230/uber-logistics-lalamove-raises-another-us10-million-hong-kong-start?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/1856230/uber-logistics-lalamove-raises-another-us10-million-hong-kong-start?utm_source=rss_feed Tue, 08 Sep 2015 04:30:00 +0000