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LaLaMovei

Previously known as EasyVan, Lalamove is an on-demand logistics company based in Hong Kong.

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The Lalamove operator had considered a US IPO two years ago, but shifted its focus to Hong Kong amid a tech crackdown and concerns over US listings by Hong Kong and Chinese companies.

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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.

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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.

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Beijing calls on Alibaba, Tencent, Meituan, Didi Chuxing and other major internet platforms to take the lead in protecting gig workers’ basic rights.

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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.

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Deliberations to potentially shift Lalamove’s listing from the US comes against backdrop of Beijing implementing new rules on overseas listings by tech firms.

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