Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

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Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Equity Capital Markets

Lalatech Holdings Co Ltd / Equity Capital Markets

<ul>
<li>Lalatech's largest segment by revenue -- Chinese intra-city on-demand freight -- features many of the attributes that are attractive to online logistics intermediaries</li>
<li>At the top of the list of red flags in its prospectus is Lalatech's company's dramatic 71% Y/Y reduction in Sales and Marketing expenses last year</li>
<li>Although Lalatech appears to be the leading platform for Chinese intra-city on-demand freight matching, the company faces 'hidden' competition from several larger groups</li>
</ul>


Lalatech's largest segment by revenue -- Chinese intra-city on-demand freight -- features many of the attributes that are attractive to online logistics intermediaries
At the top of the list of red flags in its prospectus is Lalatech's company's dramatic 71% Y/Y reduction in Sales and Marketing expenses last year
Although Lalatech appears to be the leading platform for Chinese intra-city on-demand freight matching, the company faces 'hidden' competition from several larger groups


TRACKING TRAFFIC/Lalatech IPO: Attractive Segment | 'Unbelievable' Cost Control | Hidden Competition