ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Hong Kong IPO by GoGoX hints at easing of China tech crackdown

'Uber for logistics' looks to raise $72m next week despite unsettled markets

The company connects shippers with drivers in over 340 Asian cities including in mainland China. (Photo courtesy of GoGoX)

HONG KONG -- Logistics platform operator GoGoX plans an initial public offering here next week, a sign that China's crackdown on the tech industry might be letting up.

GoGoX, which has been dubbed "Uber for logistics," aims to raise 567.3 million Hong Kong dollars ($72.3 million) after fees and expenses in its June 24 debut, it was announced Tuesday. The figure is much lower than earlier reports indicated, suggesting that the offering was scaled back in response to a sluggish market.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more