GoGoVan becomes Hong Kong’s first $1 billion startup

App-based goods transporting platform GoGoVan has become Hong Kong's first startup to hit a $1 billion valuation. The valuation comes after GoGoVan merged with China-based delivery firm 58 Suyun this week. The merged entity which will be called GoGoVan, is aiming to raise $200 million for expansion into two or three new markets next year, said its CEO Steven Lam.