Lalamove Data Delivers Message of Market Success Delivery app reveals facts figures 5 years and $160M USD on

Information Technology Press Releases Friday March 23, 2018 12:34
Bangkok--23 Mar--Brand Now

Hong Kong based on-demand delivery app Lalamove is firmly in the driving seat when it comes to leading the last-mile market, including B2B, B2C and C2C deliveries; revealing impressive data in 2018 to show a fast-track journey of success since the company was first set-up in 2013 by entrepreneur Chow Shing Yuk.

In the last five years, Lalamove has received $160 million USD in funding, including Series C funding of $100 million USD in late 2017 and set in motion an expansion plan to establish a greater global identity and a presence in 100 more cities in Asia. Currently, Lalamove is a force to be reckoned with, operating in 126 cities in China and Southeast Asia, with 2,000 employees and 2.2 million drivers, including 50,000 drivers in Thailand alone. Some 25 million users have downloaded the Lalamove app, with the company's fleet of motorcycles, cars, vans and trucks also set on course as part of the Lalamove food delivery platform too.

Global fast-food chain Burger King announced a partnership with Lalamove in November 2017. Local, regional and international brands are set to partner with the delivery app in the next few months with new features added to updating the app too. In Thailand, Some 520 million km have been traveled since 2013 with delivery times shorter than a one hour lunch. With e-commerce markets set to rise, the number of new users in online hubs such as Thailand are expected to a hike 250% compared to 2017.

Latest Press Release

HONOR Sees Strong Growth Amid Global Industry Decline

Flagship HONOR View20 Soon to be Launched Globally, Paving the Way to a Powerful Start of 2019 HONOR, a leading smartphone e-brand, has cemented its leading industry position with strong growth in 2018, despite a global industry downturn. According to...

Agile Alliance to Host Agile India 2019

Agile Alliance announced today it is hosting Agile India 2019, the largest international premier conference on Agile and Lean Software Development methods in Asia. The annual event, scheduled for March 17 - 24 in Bengaluru, India, brings together...

True plans not to participate in the 700MHz spectrum auction, awaiting more clarity on the 900mhz payment extension

In response to the news about the 700MHz spectrum auction, True does not plan to participate as the Company is awaiting more clarity on the 900MHz payment extension. According to Mr. Vichaow Rakphongphairoj President (Co) True Corporation Plc. "True...

ZTE and Heavy Reading Jointly Release 5G Transport White Paper on the Innovative FlexE Channel Technology

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today released the white paper "Meeting 5G Transport Requirements With FlexE" along with...

New 45V, zero-drift operational amplifier provides ultra-high precision plus EMI filtering

- Wide operating range and on-chip EMI filtering minimises the increasing influence of high frequency interference The rapid expansion of wireless capabilities, such as Wi-Fi- and Bluetooth-enabled applications, is increasing high frequency noise in our...

Related Topics