HK’s on-demand delivery firm Lalamove seeks to raise $500m

Hong Kong’s on-demand logistics and delivery firm Lalamove is seeking a new funding round at $8 billion valuation, according to people with knowledge of the matter.

The company, also known as Huolala in China, is looking to raise at least $500 million, said the people, who asked not to be identified as the information is private. The startup could raise more depending on investor demand, the people said.

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