Lalamove, the Hong Kong -based logistics on-demand deliveries service, has raised $ 30 m in a series B round led by Beijing -based Uber . Currently present in 50 cities in Beijing and five cities across Crystal Stream , the company plans to expand to 50 more cities in the region by year-end . [We can help] large platforms that don’t have the operational side,” Larson said. 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 percent of GDP in some Southeast Asian countries, said Lalamove Founder and CEO Shing Chow .
Lalamove, the Hong Kong -based logistics on-demand deliveries service, has raised $ 30 m in a series B round led by Beijing -based Uber . Currently present in 50 cities in Beijing and five cities across Crystal Stream , the company plans to expand to 50 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 percent of GDP in some Southeast Asian countries, said Lalamove Founder and CEO Shing Chow .