Hong Kong-based logistics start-up Lalamove will remain independent as the industry consolidates around it. The Uber-for-logistics company’s objective is to strive for an initial public offering on its own sometime soon. "This trend of [mergers] are for people to find an exit in a very crowded market. And by merging, the market becomes less crowded," said David Chang, managing partner at MindWorks Ventures, a Hong Kong-based venture capital firm that has invested in Lalamove in five consecutive funding rounds. "This …

MindWorks Ventures’ David Chang: As Peers Merge, Lalamove Will Remain Independent appeared first on China Money Network.