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Previously known as EasyVan, Lalamove is an on-demand logistics company based in Hong Kong.
The on-demand logistics start-up said the city will be its first choice if it goes public in future, as listing reforms make it the ideal place for tech companies to raise funds.
More than 20 major Shenzhen-based companies have pledged to strengthen their user data security in line with China’s new Personal Information Protection Law.
Singapore-based logistics start-up Ninja Van is worth more than US$1 billion following latest funding round.
Beijing calls on Alibaba, Tencent, Meituan, Didi Chuxing and other major internet platforms to take the lead in protecting gig workers’ basic rights.
58 Freight, the loss-making operator of Kuaigou Dache and GoGoX operates in more than 340 cities in mainland China, Hong Kong, Singapore, Korea and India.
Deliberations to potentially shift Lalamove’s listing from the US comes against backdrop of Beijing implementing new rules on overseas listings by tech firms.
Lalamove’s US IPO filing comes as logistics firms have gained popularity among investors during the coronavirus pandemic.