Hong Kong’s Lalamove seeks to raise $500M fresh funds at $10B valuation – report

The company is gauging interest from potential investors, one of the people said. The startup had been weighing a $1 billion Hong Kong initial public offering after preparations for a US debut stalled.

Hong Kong billionaire Adrian Cheng enters metaverse via investment in Animoca Brands’ The Sandbox

The Sandbox offers virtual real estate, called LAND NFTs, in the open metaverse. Cheng's LAND will be one of the biggest plots in The Sandbox, and form part of the ‘Mega City’ virtual world, which will include his Innovation Hub. The landmark of the Innovation Hub will be the GBA Pavilion, a vibrant center propagating creativity and futuristic vision to…

Lalamove on-demand logistics platform

On-demand logistics platform Lalamove raises $515M Series E for China expansion

On-demand logistics company Lalamove has raised $515 million in Series E funding, as announced on its website (the company is known as Huolala in China). This round was led by Sequoia Capital China Fund, with participation from Hillhouse Capital and Shunwei Capital--all returning investors.

truck, trucking, shipping, containers, logistics

Making first investment, Lalamove backs trucking startup

The Uber-for-vans unicorn funds Inteluck’s big truck network.