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<IPO> Lalamove Parent Lala Tech Files for HKEX IPO
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Lalamove parent Lala Tech has submitted a listing application to HKEX (00388.HK). The joint sponsors are G Sachs, BofAS and JPM.

Lala Tech operates globally, conducting business in more than 400 cities across 11 markets worldwide. It is a leading tech-enabled, data-driven logistics transaction platform.

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Based on closed-loop GTV in 1H22, it ranked as the worlds largest logistics transaction platform. Its total platform revenue increased from USD529 million in 2020 to USD1.036 billion in 2022, representing a CAGR of 39.9%. (ta/w)
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