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Announced

BOCOM and CMF led a $100m investment round in GOGOX.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Transportation Services

Venture Capital

Domestic

Acquisition

Hong Kong

logistics platform

Minority

Single Bidder

Private Equity

Friendly

Completed

Private

Synopsis

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BOCOM International, a subsidiary of Bank of Communications, and Cyberport Macro Fund, an investment fund, led a $100m investment round in GOGOX, a Hong Kong logistics platform. “Intra-city logistics has entered a new era of user data protection and sustainable ecosystem development. The new funding will not only empower GOGOX’s stable and rapid business expansion as a leader in safety, user satisfaction and compliance, but also keep us on track to produce exceptional results through our outstanding capital efficiency,” Vincent Hu, GOGOX CFO.

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