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Kuaigou Dache

gogoxholdings.com

Founded Year

2017

Stage

IPO | IPO

Total Raised

$650M

Date of IPO

6/24/2022

Market Cap

2.84B

About Kuaigou Dache

Kuaigou Dache (02246.HK) provides intro-city and freight business. The company's app connects van drivers and users for on-demand cargo transport, house moving, and delivery services. The company was founded in 2017 and is based in Tianjin, China.

Headquarters Location

901-908, Jinzuo Plaza, No. 5, Meiyuan Road, Binhai High-tech Zone

Tianjin, Tianjin,

China

400-890-9009

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Latest Kuaigou Dache News

Gogox Soars 47% After China Logistics Startup Is Added to Hong Kong Stock Connect

Sep 6, 2022

(Yicai Global) Sept. 6 -- Shares of Gogox Holdings surged as much as 47 percent after the Chinese intra-city logistics startup was included in the stock connect mechanism between Hong Kong and the Chinese mainland. Gogox [HKG: 2246] finished the day 23.6 percent higher at HKD7.23 (92 US cents), giving the Tianjin-based firm a market value of HKD4.45 billion (USD567 million), but it is still trading two-thirds below its initial offering price of HKD21.50 on June 24. The immediate reason for the stock’s surge was Gogox’s inclusion in the Hong Kong Stock Connect, but the underlying cause was its growing number of corporate users and investor optimism about the Chinese logistics market, according to Wang Pengbo, a senior analyst at Botong Analysys. The Shenzhen Stock Exchange announced yesterday that it would add 20 companies, including Gogox, to the Stock Connect, while removing 16 firms, property developer Greenland Hong Kong Holdings among them. That will enable mainland investors to trade Gogox through the Shenzhen bourse. Gogox was a logistics unit of 58.Com, which runs a classified ads website, but the van-hailing platform began to operate independently after changing its name to Gogox in 2018. It operates in more than 340 cities on the Chinese mainland as well as in Hong Kong, Singapore, South Korea, India and Vietnam. The company had 29.2 million registered shippers and 5.6 million registered drivers as of June. Gogox’s net loss widened more than 300 percent to CNY1 billion (USD144 million) in the first half from a year earlier, mainly due to remuneration expenses from its equity incentive plan, according to its earnings report. Revenue jumped 15.5 percent to CNY348.8 million (USD50.2 million). Editors: Dou Shicong, Peter Thomas Follow Yicai Global on RELATED

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Kuaigou Dache Frequently Asked Questions (FAQ)

  • When was Kuaigou Dache founded?

    Kuaigou Dache was founded in 2017.

  • Where is Kuaigou Dache's headquarters?

    Kuaigou Dache's headquarters is located at 901-908, Jinzuo Plaza, No. 5, Meiyuan Road, Binhai High-tech Zone, Tianjin.

  • What is Kuaigou Dache's latest funding round?

    Kuaigou Dache's latest funding round is IPO.

  • How much did Kuaigou Dache raise?

    Kuaigou Dache raised a total of $650M.

  • Who are the investors of Kuaigou Dache?

    Investors of Kuaigou Dache include Cyberport, BOCOM International, Sequoia Capital China, 58.com, Cainiao and 6 more.

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