China Daily Reads

China Daily Reads

Share this post

China Daily Reads
China Daily Reads
Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland

Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland

Jan 05, 2024
∙ Paid

Share this post

China Daily Reads
China Daily Reads
Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland
Share
  • Alibaba has cut its GoGoX stake four times over the past two months, leaving it with an 8.89 per cent equity holding as of December

  • GoGoX has recorded losses since 2018 owing to stiff competition on t…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Master Leong
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share