August 8, 2022
Your browser doesn’t toughen HTML5 audio In line with the Hong Kong Inventory Trade (HKEx),

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In line with the Hong Kong Inventory Trade (HKEx), intra-city logistics platform Kuaigou Dache – referred to as GOGOX out of the country – on Sunday handed the listening to for a public checklist. Its co-sponsors are CICC, UBS, BOCOM and ABC Global.

Owned through Daojia Workforce, Kuaigou Dache was once established in 2014. Its predecessor was once 58 Suyun, and it was once formally renamed as “Kuaigou Dache” in August 2018. On August 27, 2021, the company submitted paperwork for an IPO to the HKEx.

 GOGOX was once deemed Hong Kong’s biggest intra-city logistics platform in 2020, and has expanded to out of the country markets corresponding to Singapore, South Korea and India. As well as, Kuaigou Dache is the second-largest intra-city logistics platform throughout the Chinese language mainland.

In line with the company’s prospectus, as of September 30, 2021, Kuaigou Dache had attracted about 4.9 million registered drivers and 26.5 million registered customers, and had reached cooperation with over 37,000 enterprises. From January 30 to September 30 final yr, the platform finished 20.3 million consignment orders with a complete transaction cost of one.953 billion yuan ($308 million).

The prospectus additionally claims that income in 2018, 2019 and 2020 was once 453 million yuan, 548 million yuan and 530 million yuan, respectively; Gross benefit was once 100 million yuan, 173 million yuan and 183 million yuan, respectively; Losses had been 900 million yuan, 400 million yuan and 185 million yuan, respectively.

Within the first 9 months of 2021, Kuaigou Dache earned 473 million yuan, whilst that during the similar duration of 2020 was once 372 million yuan. The company’s adjusted loss was once 190 million yuan, whilst that during the similar duration of 2020 was once 132 million yuan.

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Kuaigou Dache supplies an built-in clever platform that connects drivers with shoppers who wish to ship items and commodities in the similar metropolis, and units business requirements to advertise transparency, agree with and potency.

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Its income principally comes from 3 channels. First is the platform carrier principally equipped through drivers who perform logistics services and products for SMEs and folks. 2d is the undertaking carrier equipped for SMEs and big enterprises. 3rd is the value-added services and products corresponding to gasoline playing cards and automobile repairs.

It’s value bringing up that Kuaigou Dache boasts core competitiveness of technical functions within the fields of synthetic intelligence, large knowledge research, device studying and unmanned using. As of September 30, 2021, its R&D staff comprisedas many as 112 body of workers participants.