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Lalamove is a delivery and logistics company which operates primarily in Asia and parts of Latin America.[1] Lalamove services are currently available in Hong Kong, Taipei, Singapore, Kuala Lumpur, Manila, Cebu, Bangkok, Pattaya, Ho Chi Minh City, Hanoi, Jakarta, Dhaka, São Paulo, Rio de Janeiro, and Mexico City. The company had expanded its services to India in 2018 but was banned by the Indian government in 2020 as part of increasing restrictions on Chinese technology.[2][3]
 | |
| Company type | Private |
|---|---|
| Industry |
|
| Founded | December 2013 |
| Founder | Chow Shing yuk |
| Headquarters | |
Number of locations | 21 cities |
Number of employees | 1,400 (2020) |
| Website | www |
History edit
The company was founded in Hong Kong in December 2013 by Shing Chow Shing-yuk.[4] Originally called Easyvan, the company was renamed Lalamove in 2014.[5] They quickly expanded to new markets, with Singapore in 2014, and to Bangkok & Taipei by 2015. By 2018, Lalamove was present in 11 cities across Southeast Asia and also commenced operations in India. In 2022, Lalamove launched their operation in Dhaka, Bangladesh.[6][7]
Lalamove expanded for the first time outside of Asia in 2019 by commencing operations in Latin America. They are currently present in São Paulo, Rio de Janeiro and Mexico City.
In 2019, Lalamove raised US$300 million in a series D round of funding.[8]
In March 2020, Lalamove made its first strategic investment by participating in a pre-series B funding round for logistics company Inteluck.[9]
During the COVID-19 epidemic in 2020, Lalamove launched its Deliver Care CSR initiative to provide free delivery to NGOs.[10] The CSR initiative helped deliver over 200,000 essential items including face masks, hand sanitiser, personal protection equipment and hot meals to frontline medical works and underprivileged families. In total, more than 86,000 beneficiaries were reached.[11] Lalamove also partnered with Quezon City local government to launch the LalaJeep, a new delivery type on the Lalamove app, to help jeepney drivers who were displaced from work due to the community quarantine.[12]
On 24 November 2020, the Government of India banned 45 Chinese apps, including Lalamove, from operating in India, citing security concerns.[2]
In January 2022, reports emerged that Lalamove, along with cargo delivery subsidiaries of DiDi and 58.com, had been summoned by local transportation regulators in Shanghai, after a rising number of cases of drivers providing illegal freight services were noted to originate from the platforms. Lalamove was ordered to rectify these practices that the authorities described as “damage that stems from disorderly expansion". In the same month, Lalamove had already been one of eight companies to be summoned by China's Ministry of Transportation and warned about unclear pricing schemes, rising membership fees, unfair competition, and illegal transportation.[13]
See also edit
References edit
- ^ Shu, Catherine (9 September 2015). "On-Demand Logistics Startup Lalamove Lands $10M To Fuel Its China Expansion". TechCrunch. Retrieved 16 February 2019.
- ^ a b "Chinese Lala cannot move in India- Business News". www.businesstoday.in. 26 November 2020. Retrieved 17 December 2020.
- ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 28 March 2023.
- ^ Leung, Hannah (10 October 2017). "Lalamove Scores $100M Investment From China: Is This Hong Kong's Next Unicorn?". Forbes. Retrieved 16 February 2019.
- ^ Horwitz, Josh (27 November 2014). "Hong Kon's Easyvan rebrands as Lalamove just in time for launch in Bangkok". www.techinasia.com. Tech in Asia.
- ^ "Lalamove launches in Bangladesh". The Daily Star.
- ^ "Delivery platform Lalamove launches in Bangladesh". Dhaka Tribune.
- ^ Ellis, Jack (21 February 2019). "Lalamove hauls in $300m from Sequoia China and Hillhouse, plans vehicle leasing biz". www.techinasia.com. Tech in Asia. Retrieved 22 May 2020.
- ^ Yu, Doris (31 March 2020). "Lalamove backs logistics startup Inteluck in $5m round led by MindWorks". www.techinasia.com. Tech in Asia. Retrieved 15 April 2020.
- ^ "Lalamove reveals details of Asia-wide COVID-19 relief CSR programme". www.marketing-interactive.com. June 2020. Retrieved 1 June 2020.
- ^ "Brand-side reactions to the coronavirus crisis in Asia | Marketing".
- ^ "Lalamove and QC local government launch LalaJeep". Business Mirror. 26 June 2020.
- ^ "Chinese cargo delivery platforms are in the hot seat after failing to review driver credentials". KrASIA. 25 January 2022. Retrieved 26 January 2022.
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