GOGOX to sell China's Kuaigou Dache business for RMB1

GOGOX has agreed to sell its GGEx Holdings subsidiary, which runs Chinese freight platform Kuaigou Dache, for a symbolic RMB1 and rename itself GOGO Technology. The mainland business posted RMB44 million in revenue and a RMB49.3 million after-tax loss in the first half of 2026. The company will focus on Hong Kong and overseas markets, which account for 85% of revenue.

• The GGEx Holdings sale is priced at RMB1 and needs shareholder approval
• Mainland revenue was RMB44 million in H1 2026 against a RMB49.3 million loss
• Kuaigou's share of China's intra-city logistics market fell to 0.5% versus 61% for Lalamove
• Hong Kong and overseas markets bring 85% of GOGOX revenue, down 4.3% year on year