Venture Capital
Unicorns are like buses for Hong Kong. After living in the shadow of other cities and waiting around for its first, it now has almost two billion-dollar companies within months. GoGoVan became the country’s first unicorn in September following a merger deal with China-based 58 Suyun, and now Lalamove — another Hong Kong company specializing in logistics on-demand in China and other parts of Asia — has snagged $100 million in new financing at a valuation that is just shy of the $1 billion mark.

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