Cargo Lala plans to go public in Hong Kong and announces car construction.

Thanks to CTOnews.com netizens for the delivery of digital whale clues! CTOnews.com April 4 news, at the end of last month, lesbians submitted a listing application on the Hong Kong Stock Exchange, the main name of the listing is "lesbian technology" (English name: Lalatech). It is worth mentioning that cargo lesbians responded to car-building in the prospectus.

According to the prospectus, between 2020 and 2022, the revenue of cargo lesbians was $529 million, $845 million and $1.036 billion, respectively. In terms of profits, cargo lesbians made a profit for the first time in 2022, with an adjusted profit of $53.23 million for the year. The adjusted annual losses in 2020 and 2021 were $155 million and $631 million, respectively. As for the losses in the previous two years, Lala said that it was mainly to accelerate regional expansion, sustained investment and high user acquisition costs in emerging and existing markets.

According to the prospectus, the net funds raised by IPO will mainly be used to drive the growth of core businesses in mainland China and expand the range of services; further accelerate global business expansion to seize the broad opportunities in the global logistics market; invest in research and development to continuously develop and upgrade technological infrastructure; and for working capital and general corporate purposes.

It is worth mentioning that the previously rumored car-building project was also mentioned in the prospectus. Lala said that it is using its experience from existing vehicle rental services to open up new business opportunities, such as the research and development of electric commercial vehicles. According to CTOnews.com, as early as May 2021, it was reported that freight lesbians had launched a car-building project to achieve closed-loop logistics chains and "digital intelligence" of cars, and had begun to recruit talents in the manufacture of new energy trucks, including positions such as experts on complete vehicle products of new energy trucks.