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Freight Giant Lalatech Takes On IPO Delivery Challenge

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

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