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GOGOX
GOGOX, previously GoGoVan, is an on-demand ride sharing service based in Asia, which focuses on transportation of freight and goods in urban areas. Steven Lam Hoi-yuen, Nick Tang Kuen-wai and Reeve Kwan Chun-man co-founded the service in 2013. The service was initially launched in Hong Kong, before expanding its services. It operates in five countries in Asia, including Hong Kong, Singapore, mainland China, Taiwan, South Korea and India. History Steve Lam Hoi-yuen, Nick Tang Kuen-wai and Reeve Kwan Chun-man co-founded GoGoVan in Hong Kong in the summer of 2013. The startup planned on providing an alternative solution for people in Hong Kong who required a van after the founders were working on a small lunchbox delivery service. The co-founders had previously worked in the delivery market while studying in California and when returning to Hong Kong they realized it was quite difficult and time-consuming to organize van transport in the city. In Hong Kong where the service was laun ...
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Technology
Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, science, industry, communication, transportation, and daily life. Technologies include physical objects like utensils or machines and intangible tools such as software. Many technological advancements have led to societal changes. The earliest known technology is the stone tool, used in the prehistoric era, followed by fire use, which contributed to the growth of the human brain and the development of language in the Ice Age. The invention of the wheel in the Bronze Age enabled wider travel and the creation of more complex machines. Recent technological developments, including the printing press, the telephone, and the Internet have lowered communication barriers and ushered in the knowledge economy. While technology contributes ...
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Sharing Economy
In capitalism, the sharing economy is a socio-economic system built around the sharing of resources. It often involves a way of purchasing goods and services that differs from the traditional business model of companies hiring employees to produce products to sell to consumers. It includes the shared creation, production, distribution, trade and consumption of goods and services by different people and organisations. These systems take a variety of forms, often leveraging information technology (particularly digital platforms) to empower individuals, corporations, non-profits and government with information that enables distribution, sharing and reuse of excess capacity in goods and services.Sutherland, W and Jarrahi, M.H. "The sharing economy and digital platforms: A review and research agenda." ''International Journal of Information Management'' 43 (2018): 328–341. There are two main types of sharing economy initiatives: * Non-profit, usually based on the concept of book-lendin ...
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Logistics Companies Of Hong Kong
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of customers or corporations. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items. In military science, logistics is concerned with maintaining army supply lines while disrupting those of the enemy, since an armed force without resources and transportation is defenseless. Military logistics was already practiced in the ancient world and as the modern military has a significant need for logistics solutions, advanced implementations have been developed. In military logistics, logistics officers manage how and when to move resources to the places they are needed. Logistics management is the part of supply chain management and supply chain enginee ...
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Lalamove
Lalamove is an Asia-based technology company that provides delivery services by connecting users with delivery drivers on its mobile and web apps. The company operates in cities across Asia and Latin America connecting over 7 million users with more than 700,000 delivery drivers. Lalamove services are currently available in Hong Kong, Taipei, Singapore, Kuala Lumpur, Manila, Cebu, Bangkok, Pattaya, Ho Chi Minh City, Hanoi, Jakarta, Dhaka, São Paulo, Rio de Janeiro and Mexico City. Lalamove expanded their services in India in 2018 but later got banned by Indian government in 2020 during the series of Chinese app bans in India. History The company was founded in Hong Kong in December 2013 by Shing Chow Shing-yuk. Originally called Easyvan, the company was renamed Lalamove in 2014. The company quickly expanded to new markets reaching Singapore in 2014 and Bangkok and Taipei in 2015. By 2018 Lalamove was present in 11 cities across Southeast Asia and also commenced operations in I ...
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Cainiao
Cainiao Smart Logistics Network Limited (), formerly known as China Smart Logistics Network, is a Chinese logistics company launched by Alibaba Group, jointly with eight other companies, on 28 May 2013. As of May 2018, Cainiao was one of the largest unicorn companies in China, valued at 100 billion yuan. Cainiao ensures delivery within 24 hours to any region of China. The company also shares resources with other logistics companies. Accidents and incidents On 8 January 2022, Aviastar-TU Flight 6534, a Cainiao leased Tupolev Tu-204 caught fire during pushback for a flight from Hangzhou Xiaoshan International Airport to Tolmachevo Airport. None of the 8 occupants onboard were injured, but the aircraft was written off A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses .... Reference ...
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Singapore Press Holdings
Singapore Press Holdings Limited (SPHL) was an organisation with businesses in property and aged care in Singapore. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments. Prior to 1 December 2021, SPHL was in the media business as well with a reach in the print, digital, radio, and outdoor media. It formed part of a duopoly on the mass media of Singapore, with the other player being Mediacorp. SPHL had over 4,000 employees, including a team of approximately 1,000 journalists, including correspondents operating around the world. 2,500 of the staff, including the journalists and its media business were subsequently transferred to SPH Media Trust. The company was one of the country's "blue-chip" counters on the Singapore Exchange Securities Trading Limited (SGX) until its delisting on 13 May 2022 following its acquisition by Cuscaden Peak. It was also a constituent of the Straits Times Index until its removal on 22 June 2020. History 1984 ...
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Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg Ramon Bloomberg (born 1972 in Sheffield,England) is a writer and film maker based in London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just unde ... (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** '' Bloomberg Businessweek'', weekly business magazine and website ** '' Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel *** Bloomberg TV Canada *** Bloomberg TV Phi ...
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Investment Fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable securities, or short collective inves ...
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Funding Round
A securities offering (or funding round or investment round) is a discrete round of investment, by which a business or other enterprise raises money to fund operations, expansion, a capital project, an acquisition, or some other business purpose. Components of a round Hallmarks of an offering include the following (though none are an absolute requirement in every circumstance): *A prospectus, private placement memorandum, or other document used to advertise the availability and terms of the offering, and to provide disclosure of information investors will need for their due diligence efforts *A securities filing with relevant state and/or federal regulators *Various contracts and documents by which the securities are sold such as a subscription agreement, a stock purchase agreement, and a convertible note (which documents a type of convertible security) or other loan document *Various subsidiary or related agreements such as a buy-sell agreement, investor rights agreement, ...
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The Standard (Hong Kong)
''The Standard'' is an English-language free newspaper in Hong Kong with a daily circulation of 200,450 in 2012. It was formerly called the ''Hongkong Standard'' and changed to ''HKiMail'' during the Internet boom but partially reverted to ''The Standard'' in 2001. The '' South China Morning Post'' (SCMP) is its main local competitor. Format ''The Standard'' is printed in tabloid format rather than in broadsheet. It is published daily from Monday to Friday. Ownership ''The Standard'' was published by Hong Kong iMail Newspapers Limited as of 2001 (previously known as Hong Kong Standard Newspapers Limited) but currently The Standard Newspapers Publishing Limited. These enterprises are owned by Sing Tao News Corporation Limited, also the publisher of '' Sing Tao Daily'' and ''Headline Daily''; the firm also has other businesses including media publications, ''The Standard'' was previously owned by Sally Aw's Sing Tao Holdings Limited. Aw is the daughter of the founder Aw B ...
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Business Times (Singapore)
''The Business Times'' is a Singaporean financial daily under SPH Media Trust, a media organisation with businesses in print, digital, radio, and outdoor media in Singapore. The paper is published Monday to Saturday, with the Saturday edition called ''The Business Times Weekend''. It had a circulation (Print + Digital) of 39,500. Ownership It is part of the SPH Media Trust group which also publishes ''The Straits Times'' and ''The New Paper''. History It is an English-language newspaper published since 1 October 1976. Prior to this, it was a supplement in ''The Straits Times''. The paper was launched on 15 July 1976, and the special presentation issue prior to the launch of the paper featured George Magnus. The staff was first headed by Tsai Tan, who became the first female editor of a daily newspaper in Singapore. In 1989, the newspaper won the Media Philanthropic Appeals category of the International Advertising Festival in New York New York most commonly refers to: * ...
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