Shing Chow

Founder and CEO, Lalamove

 

From professional gambler to logistics pioneer, the Lalamove CEO has taken an unusual journey

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Shing Chow set out to remedy the inefficiency of China’s freight industry with his on-demand trucking service Lalamove, of which he is the founder and CEO. Born in Guangdong province, he studied in the US and then worked as a management consultant for Bain and Company. He gave it all up to take an unusual route to amassing the capital for a start-up: working as a professional poker player, first online in the US and then in Macau, making a profit of close to US$4 million over a seven-year period.

He then invested the money in Hong Kong property, and a few years later put it into Easyvan, which later became Lalamove. The company has attracted about US$2.5 billion in funding, and used it to fund an aggressive expansion strategy: it now has presence in more than 350 Chinese cities, while it also has operations in Southeast Asia, Latin America and the US.

In March 2023, Lalatech Holdings filed for an IPO in Hong Kong. With his stake in the company at 25 per cent, Chow's net worth was estimated by Forbes to be at about US$2.2 billion.

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Did You Know?


Lalamove’s earliest marketing strategy, when budgets were tight, involved members of staff walking around the streets holding signs.

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