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Full Truck Alliance Goes Full Throttle On User Acquisitions (YMM)

Full Truck Alliance Goes Full Throttle On User Acquisitions (YMM)
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Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm's mounting losses, as it faces cutthroat competition on the mainland

Chinese e-commerce giant Alibaba Group Holding has further reduced its stake in Hong Kong-listed logistics service provider GoGoX Holdings, which is facing… ....

South China Morning Post , Gogox Holdings , Alibaba Group Holding , Hong Kong Listed , Reaking News ,

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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