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Steven Lam, chief executive officer of GoGoVan Ltd., right, speaks as Shan Shan, left, and Abby Zhang, second left, co-founders of online fashion-design service Yeechoo, and Tony Wong, chief executive officer of Shopline, second right, listen during a news conference in Hong Kong, China, on Thursday, May 5, 2016. Alibaba Group Holding Ltd.'s HK$1 billion fund for Hong Kong entrepreneurs is investing in GoGoVan, a hauling and delivery service that's one of the city's biggest startups, and other online services. Photographer: Justin Chin/Bloomberg via Getty Images

Steven Lam, chief executive officer of GoGoVan Ltd., right, speaks as Shan Shan, left, and Abby Zhang, second left, co-founders of online fashion-design service Yeechoo, and Tony Wong, chief executive officer of Shopline, second right, listen during a news conference in Hong Kong, China, on Thursday, May 5, 2016. Alibaba Group Holding Ltd.'s HK$1 billion fund for Hong Kong entrepreneurs is investing in GoGoVan, a hauling and delivery service that's one of the city's biggest startups, and other online services. Photographer: Justin Chin/Bloomberg via Getty Images