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IPO

Hong Kong's Lalamove files for $1bn American IPO

Sources also say China's Xpeng targets up to $2bn in homecoming listing

A Lalamove truck with company founder Shing Chow.

HONG KONG -- Hong Kong-based logistics startup Lalamove has filed confidentially for a U.S. initial public offering that could raise about $1 billion, two people familiar with the plan say, joining a string of companies from greater China seeking cash in the world's largest capital market.

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