GoGoVan, 58 Suyun eye expansion, IPO after deal

Hong Kong's GoGoVan and China's 58 Suyun merge to create Asia's largest online intra-city logistics and freight platform – and HK's first unicorn. Now, they're looking to grow overseas.

GoGoVan, 58 Suyun eye expansion, IPO after deal

Chinese mobile logistics app 58 Suyun, operated by New York-listed online classifieds site 58.com’s online-to-offline life services spinoff 58 Home, has merged with intra-city logistics platform GoGoVan, the two announced on Monday.

The transaction creates Asia’s largest online platform in the intra-city logistics and freight business, according to the announcement. It also values the merged company which will be branded as 58 Suyun in the mainland market and GoGoVan offshore...

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