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science and technology innovation board daily news on october 4 (reporter xu cihao),the intra-city freight company lalamove once again submitted its prospectus to the hong kong stock exchange and updated its financial report data.

this time, the name of the listing entity is "lalatech" (english name: lalatech), and goldman sachs, bank of america securities and jpmorgan chase serve as joint sponsors. this is the fourth hong kong stock listing after its u.s. ipo plan was stranded in june 2021. ipo.

prior to this, lalamove applied to be listed on the hong kong stock exchange on march 29, september 28, 2023, and april 2, 2024.

"the ipo of lalamove is the inevitable result after several years of financing." zhao xiaomin, an express logistics expert and ceo of guanshuo capital, said that although lalamove has a market share advantage, manbang group and kuaigou taxi have already taken the lead in listing, so the former had to speed up its listing to cope with capital requirements.

earned $213 million in the first half of this year

lalamove's business model is mainly to connect and serve merchants and drivers through the platform model, realizing closed-loop transactions from online ordering to intelligent order matching, automatic order placement and after-sales service. the price is mainly set by the platform, adopting light asset business. model.

the prospectus shows that in 2023, the lalamove platform facilitated more than 588.4 million completed orders, and the global freight gtv (total transaction volume) reached us$8.736 billion. in 2023, lalamove has an average of approximately 13.4 million monthly active merchants and an average of approximately 1.2 million monthly active drivers.