Connect with us

Hong Kong

Lalamove to launch same-day delivery service in Bangkok in June

Lalamove, originally founded in 2013 as EasyVan in Hong Kong, recently completed its Series B funding round of $30 million led by Beijing venture capital firm, Xianghe Capital, raising total funds of $60 million over four rounds.

Avatar

Published

on

Hong Kong-based on-demand delivery company Lalamove plans to provide same-day delivery service in the second half of this year.

It will launch the service in Bangkok as the first city to test the operation in June.

Santit Jirawongkraisorn, regional director of city operations, said that the new service would be a main engine to drive its growth aggressively.

“We choose to test the new service in Bangkok as, outside China, it marked the highest growth in 2016 in terms of usage and the service value,” he said.

In Thailand, only Kerry Express offers the same-day delivery service without providing on-demand delivery service like Lalamove does.

“It is not easy to offer the same-day delivery service. We have invested a lot in the technology to ensure that we can provide the good service at the competitive price,” he cited.

Santit also added that most of its clients in on-demand service are in food and beverage industry, but the same-day delivery will help attract a huge demand from e-commerce companies and online retailers.

Lalamove, originally founded in 2013 as EasyVan in Hong Kong, recently completed its Series B funding round of $30 million led by Beijing venture capital firm, Xianghe Capital, raising total funds of $60 million over four rounds.

Apart from the technology development for the same day delivery service, Lalamove will use the funding to expand its on-demand delivery services from current 45 cities to 100 cities by this year end. At present, Lalamove operates in Hong Kong, Singapore, Bangkok, Taipei, Manila and 40 cities in the mainland China.

5 million downloads in 45 cities

To date, the Lalamove app has been downloaded 5 million times across 45 cities in Asia with hundreds of thousands of drivers benefiting.

Chanon Klahan, newly-appointed managing director for Lalamove Thailand, said that the downloads of the app rose six times to 210,000 users and the service value surged to 120 million baht ($3.43 million) by the end of 2016, which showed six-fold growth from the previous year. In Bangkok, it has more than 17,000 contract drivers on its platform.

“The company’s growth in Bangkok is expected to be higher than last year due mainly to the launch of the new delivery service and the customer-based expansion into other sectors,” he said.

Source link

DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

Comments

China

Hong Kong’s US-Bound Exports to be Labeled ‘Made in China’

Goods produced in Hong Kong and exported to the US must be “marked to indicate that their origin is China”, according to a notice put out by US Customs and Border Protection (CBP) on August 11, 2020.

Avatar

Published

on

This ‘Made in China’ labeling requirement on Hong Kong products was originally to take effect on September 25. To give Hong Kong exporters more breathing room to switch the labels, the US CBP has extended the enforcement date by 45 days, to November 9.

(more…)
Continue Reading

China

Hong Kong : no journalist in the world is free from China’s violent retribution

The new national security legislation China is imposing on Hong Kong could be used not only against journalists operating in Asia’s main financial hub, but against every journalist in the world says RSF

Boris Sullivan

Published

on

Reporters Without Borders (RSF) urges democracies to do everything in their power to compel Beijing to withdraw the law that allows it to charge any journalist writing on Hong Kong of endangering national security, an accusation that could result in life imprisonment or even the death penalty if tried in China.

(more…)
Continue Reading

Hong Kong

National security law for Hong Kong risks turning city into police state

China’s national security law for Hong Kong will put everybody in the city at risk of arbitrary detention and unfair trial unless underpinned by measures to guarantee protection of human rights, Amnesty International said today

Boris Sullivan

Published

on

China’s national security law for Hong Kong will put everybody in the city at risk of arbitrary detention Amnesty International said

China’s national security law for Hong Kong will put everybody in the city at risk of arbitrary detention and unfair trial unless underpinned by measures to guarantee protection of human rights, Amnesty International said today as Beijing lawmakers prepare to adopt the dangerous legislation.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending