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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.

Mainland companies are shrugging off mounting tensions between Washington and Beijing as they aim to tap the heavy liquidity and investor demand for high-growth businesses in the U.S. market.

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