The Freight-App Battle a Chinese “Uber for Trucks” Couldn’t Win

In 2018, Kuaigou Dache spent RMB524 million on sales and marketing, more than its RMB453 million in revenue. Eight years later, its listed parent, GOGOX, conditionally agreed to sell its mainland China business for just RMB1 . Under an October 16 filing , GOGOX plans to sell its subsidiary GGEx Holdings and rename itself GOGO Technology.