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Heavyweight Investors Back Rival Hong Kong Logistics Startups

Hong Kong is a city with a population of seven million, but with only half a million private cars. So demand for logistics companies to help relocate furniture, not to mention pets, storage or simply move oversized goods across town is high. Thus, two aggressive Hong Kong-based on-demand delivery companies Lalamove and GoGoVan, are attracting investment from some big-name investors, despite questions over whether there is enough room for these newcomers to an already crowded market.