Larson didn’t say anything further about a future IPO, such as the location that Lalamove might choose. Lalamove , the Hong Kong - based logistics on - demand deliveries service , has raised $ 30 m in a Series B round led by Beijing - based Xianghe Capital . Currently present in 50 cities in China and five cities across Southeast Asia , the company plans to expand to 60 more cities in the region by year - end . MD Blake Larson said the company is close to reaching profitability and could list within two to two and a half years . Logistics is a $ 1.7tn market in China and accounts for up to 27 % of GDP in some Southeast Asian countries , said the Founder and CEO Shing Li .
Lalamove , the Hong Kong - based logistics on - demand deliveries service , has raised $ 30 m in a Series B round led by Beijing - based Xianghe Capital . Currently present in 50 cities in China and five cities across Southeast Asia , the company plans to expand to 60 more cities in the region by year - end . MD Blake Larson said the company is close to reaching profitability and could list within two to two and a half years . Logistics is a $ 1.7tn market in China and accounts for up to 27 % of GDP in some Southeast Asian countries , said the Founder and CEO Shing Li .