Venture Capital
Chinese investment firm Shunwei Capital has led a US$100 million round in Lalamove, a Hong Kong-based same-day inner-city delivery and logistics provider in Southeast Asia and China. Existing investor Xianghe Capital and MindWorks Ventures also participated in the round, according to a company announcement. Chow Shing-yuk, founder of Lalamove, confirms to China Money Network that the company is valued near US$1 billion after the completion of this new round, making the four-year-old company very close to achieving “unicorn” status.

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