AAA weekly
2021-01-04
Copyright FOURIN, Inc. 2024
Logistics Company Huolala Diversifies Business in China, Steps Up Operations Overseas
Shenzhen Huolala Technology, a logistics company, was founded in Hong Kong in 2013, entering the mainland Chinese market in the following year. The company provides intra-city and intercity freight transportation, moving services, logistics service for companies, small-lot transportation, automobile leasing and sales, and international logistics. As of 2020, Huolala operated in 352 cities in mainland China and 22 overseas cities.
Initially, the company has engaged in urban freight transportation, but in order to expand operations, Huolala has also launched intercity freight transportation business using heavy trucks. In August 2020, the company began international logistics service called H66, opening distribution routes from five Chinese cities Guangzhou, Shenzhen, Dongguan, Foshan and Jinhua to several countries including Singapore, Malaysia, Thailand, Vietnam, Indonesia and the Philippines. Huolala also procures automobiles from manufacturers and leasing and selling them to contract drivers. Against the backdrop of stricter environmental regulations, the company is increasing the procurement of NEVs. In 2020, Huolala concluded deals with Ruichi Automobile and Changan Kaicene to procure several 1,000 NEVs within the year.
Huolala Technology: Company Overview and History
Company Overview
| Name: |
Shenzhen Huolala Technology Co., Ltd. (known as Lalamove outside China) |
| Established: |
February 2015 |
| Headquarters: |
Shenzhen city, Guangdong province |
| Capital: |
100 million CNY |
| Business scope: |
On-demand logistics service provider active in China, other Asian countries and the Americas. |
| Founder: |
Zhou Shengfu (spelled as Chow Shing Yuk in Hong Kong) |
| Legal representative: |
Deng Kangqiao |
History
| 2013: |
Founded in Hong Kong. |
| 2014: |
Entered the mainland China’s market. |
| 2018: |
Established Huolala Commercial Factoring (Tianjin) in the Tianjin Port Bonded Zone. |
| As of 2020: |
Operated in 352 cities in mainland China and 22 overseas cities. The number of drivers who frequently use the platform is 480,000 per month, and the number of active users is 7.2 million per month. |
(Created using Huolala Technology’s PR materials)
Huolala Technology: Business Overview (As of November 2020)
| Huolala (Intra-city / intercity freight transportation) |
Huolala Company Version (Logistics service for companies) |
Huolala Banjia (Moving) |
Huolala Zugouche (Automobile leasing / sales) |
Huolala Logistics (Small-lot transportation) |
H66 (International logistics) |
| ・Urban freight transportation business using small and medium-sized buses, small vans and medium-duty trucks.
・Intercity freight transportation business using heavy-duty trucks (length 5.2-9.6m).
・Operates in 352 cities in mainland China. |
・Began customized logistics service for companies at the end of 2019.
・As of the end of 2019, the number of registered companies increased fivefold compared to the previous year to 2 million. |
・Operates in a number of cities including Shenzhen, Shanghai, Guangzhou, Beijing, Hangzhou, Chengdu and Chongqing. |
・Operates in 37 cities including Shenzhen, Guangzhou, Hangzhou, Dongguan, Foshan, Shanghai, Chengdu and Chongqing. |
・Began an intercity small-lot transportation service of freight weighing 60 kg or more for individuals and companies in 2019.
・Operated in 15 cities including Shenzhen, Guangzhou, Foshan, Dongguan and Shanghai as of July 2020. |
・Provides multilateral logistics services including shipping, air transportation and land transportation.
・Operates in five cities namely Guangzhou, Shenzhen, Dongguan, Foshan and Jinhua.
・Opened distribution routes to several countries including Singapore, Malaysia, Thailand, Vietnam, Indonesia and the Philippines. |
(Created using Huolala Technology’s PR materials)
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