Slaughter and May, Hong Kong, has advised Alibaba Group Holding Limited (Alibaba) in relation to the HK$567 million (approximately US$73 million) listing of GOGOX Holdings Limited (GOGOX) on the Main Board of the Stock Exchange of Hong Kong. The joint sponsors to GOGOX’s listing were UBS Securities Hong Kong Limited, China International Capital Corporation Hong Kong Securities Limited, BOCOM International (Asia) Limited and ABCI Capital Limited.
Alibaba, whose American depositary shares are listed on the New York Stock Exchange and whose ordinary shares are listed on the Hong Kong Stock Exchange, is the world’s largest online and mobile commerce company. Alibaba was a pre-IPO investor in GOGOX.
GOGOX is a major online intra-city logistics platform in Asia providing technology-powered, user-centric logistics solutions. GOGOX has been listed on the Hong Kong Stock Exchange since June 2022.