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Chinese e-commerce giant Alibaba Group Holding has further reduced its stake in Hong Kong-listed logistics service provider GoGoX Holdings, which is facing…
Key Takeaways: Lalatech, which operates the logistics and delivery platform Huolala, shrank its loss last year and posted an adjusted profit of $150 million in the first half of this year But the struggling Hong Kong market may put a dampener on the company’s IPO, as shares in archrival Gogox have lost 96% of their value