After more than one year of operations in Ho Chi Minh City, Hong Kong delivery firm Lalamove officially expanded its business to Hanoi, challenging Grab and Go-Viet.
|Lalamove will be a direct competitor of Grab and Go-Viet |
October 3 officially saw the launch of Lalamove in Hanoi, after one year of operations in Ho Chi Minh City. Focusing on clients in urban areas and committing to deliver goods within 55 minutes, Lalamove is forecast to be a redoubtable opponent to Grab and Go-Viet, another newcomer.
Lalamove was established in late 2013 under the name EasyVan. The Hong Kong delivery service has been known for delivering goods within an hour, and was named as the “Asian Uber.”
Lalamove set the goal of reaching 10,000 drivers in Hanoi by the end of the first quarter of 2019. The firm stated that it takes 20 per cent commission from drivers, including tax and other fees. This rate is lower than other firms’ rates of 25-30 per cent.
As Go-Viet has been running for a month now, with the two services of Go-Bike (ride-hailing) and Go-Send (delivery). Grab is also boosting its GrabExpress and food delivery service Grab Food, preparing for Lalamove’s entry that promises heavier competition in the market.