Lara Technology Summary? Lalamove parent company registration form for IPO

Lalatech Holdings, the parent company of Lalamove, a local logistics platform, to join the Hong Kong Federal Exchange on April 5, 2025IPOsWhen listed on the Hong Kong Main Board, Goldman Sachs, Bank of America Securities and JPMorgan acted as co-guarantors. Lalamove IPO has been announced, and we will be on the market!

“The company is the leader in the digitalization of the Road Freight Industry and the main driving force to digitize the transport industry, which is a major industry for on-line trade. Lalamove leverages Technology to build a seamless online channel for traders and operators to digitize trade processes and optimize efficiencies. By 2024, the market share of Larala Technology (Inland Shipment) was 63.1% in Mainland China, taking into account GTV's market share. As of December 31, 2024, Larala Technology's Business has covered more than 400 cities in 11 major markets worldwide.

Larala Technology's plan will concentrate funds to drive growth and expansion of core business services in China in the next three to five years, accelerate global business expansion, expand to other regions, such as the Middle East, while investing in research and development to enhance technological infrastructure facilities.

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What is Lara Technology? What is Lalamove?

LALATECH (LALATECH) was established in Hong Kong in 2013. The Block Orders Group developed Logistics Technology Logistics, making the main road freight transport industry digitalized in line trade. Starting in 2014, Larala Technology has advanced to other cities in Mainland China and Southeast Asia, and in 2019, it will expand to other overseas markets in the United States. Lala Technology uses Lalamove as its brand name to operate in Mainland, Hong Kong and overseas. According to Vfrest-Sullivan, Larala Technology has the largest global closed freight trade (or closed loop freight trading platform) in 2024 (or closed loop freight trading platform), with a market share of 53.4%, the largest global EIA platform in 2024, with a market share of 53.4%, 2024 Global Closed Circuit Freight GTV Largest Cooperative Logistics Trading Platform, 2024 Highest Number of Orders Completed in 2024, Logistics Logistics with Highest Number of Orders Completed in 2024, Global Trade Logistics Trading Platform, Global Average Monthly Traders' Platform for 2024, Global Marketplace The Logistic Logistics trading platform with the largest number of orders completed and the Logistic Logistics trading platform with the largest number of traders in the global average month of 2024.

What Core Business Does Lalamove Have?

Lalamove connects and services merchants and operators via platform mode. Lalamove realizes Closed-loop Trade from online ordering to smart order matching and auto-play back to after-sales service. Prices are mainly predetermined by the trader and the operator and are completely transparent to the trader and the operator. Because Lalamove is a Light Assets Business model, Lalamove does not own vehicles used by the owner to provide digital transportation services. Lalamove provides (i) Freight Platform Services, (ii) Provides Multicomponent Logistics Services for Customers, and (iii) Value Added Services for Operators.

Image Source:Lara Technology Control Co., Ltd. Stock Brochure

Freight platform service Lalamove digitally matches and completes cross-city and cross-city freight transactions between merchants and drivers. LaMoveGenerates revenue from its Freight Platform Services using a mixed change mode, primarily from the I)Driver Membership Fee and the (II)Driver after the completion of the freight order. Multicomponent Logistics Services LalamoveMulticomponent Logistics Services includes: Comprehensive Enterprise Services, Retail Services and Moving Services.

Lalamove's value-added services revenue includes vehicle rental services and a range of other value-added after-sales services provided to drivers, such as energy services and credit solutions.

What is the current market for Lara Technology?

China is the world's largest road freight market, according to the GTV data. In 2024, the GTV of China's road freight market is US$1269.2 billion, representing 33.2% of the global market, and is forecast to grow at a compound annual growth rate of 5.9% from 2024 to 2022. The largest group of merchants and operators in the market, with about 0.189 billion merchants and about 17 million entrepreneurs. Benefit Policy The Chinese government has in recent years introduced various profit policies and incentives to support the digitalization of the Road Transport Industry, serving as a pledge to drive the digital and platform economy. The Chinese government's original Four-Five Digit Economic Development Plan in 2021 provides detailed route map digitization, and recent government policies have encouraged the healthy development of the platform economy. The rapid development of advanced technologies such as IoT, cloud computing and artificial intelligence will further increase the efficiency and service quality of online freight platforms. The integration of the same technologies leads to higher freight efficiency, pricing accuracy and order alignment.

What are the market challenges facing Lara Technology?

The most important aspect of competitive sport motivation is competitive sport motivation. With the introduction of the leading Logistics Trading Platform, the platform will expand its business focus to intercity and inter-city commodity sectors, and compete in all areas. This makes market competition more intense and harder to take advantage of new entrants. Another major challenge for higher operational safety and compliance is the need to increase operational safety and compliance. Logistics trading platform connects a large number of drivers and users, ensuring transport safety and strict compliance is important. Solving such problems will be a key factor in the platform's unproductive development. Effective solutions that enhance security and compliance will help build the trust of traders and drivers and Larala Technology in us, and increase the long-term operational capability of the platform.

What is the latest financial statement from Lara Technology?

Lara Technology will be a record net profit in 2023. Lara Technology recorded an adjusted profit of US$390.6 million and US$500.8 million for 2023 and 2024, respectively, with an adjusted loss of US$12.1 million in 2022 (the non-international financial reporting norm of US$12.1 million). Record losses through 2022 are due to continued high investment in terms of model and regional expansion, user growth and engagement, and product innovation. Larala Technology's real profits in 2023 and 2024 are driven by strong network performance, effective transformation strategy, revenue growth and operational efficiency improvement. Global GTV increased from US$7307.2 million in 2022 to US$11137.1 million in 2024, a compound year growth of 23.5%. Global completed orders increased from 428 million in 2022 to 779 million in 2024, a compound year growth of 35.0%. Total revenue increased by $1,035.8 million for 2022 to $1593 million for 2024, a compound year growth of 24.0%. Larala Technology can effectively translate GTV growth into revenue growth by using mixed usage patterns, and generating revenue through a combination of membership fees and cash.

Image Source:Lara Technology Control Co., Ltd. Stock Brochure

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