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Hong Kong Startup Lalamove to Expand to 100 Cities with Series B Financing Completed

Posted on January 10, 2017 by J Sammy Leave a comment

HONG KONG–(BUSINESS WIRE)–Lalamove, a Hong Kong based on-demand delivery company, completed its Series B Financing round, raising USD 30 million. The Series B Financing round was led by Xianghe Capital, a Beijing VC firm founded by former Head of Baidu M&A, Mr Hesong Tang, with participation from Blackhole Capital and existing shareholders MindWorks Ventures and Crystal Stream. The investment round

New Online Delivery App to meet Filipinos Rising Logistics Demands

Posted on November 24, 2016 by J Sammy Leave a comment

Lalamove, a Hong Kong based startup offering on-demand logistics in China and across Asia established its presence in the Philippines early November. Offering Philippines businesses, enterprises and e-commerce startups a consumer-facing app, Lalamove’s “Uber For Logistics” model comes into play via independent “transporters” or “drivers” on the road to provide cost-effective door-to-door package delivery in an hour, thanks to the rising ride-sharing economy in