拉卡拉赴港IPO股东接连减持

Group 1 - The core viewpoint of the article highlights that Lakala (300773) is facing significant challenges as it prepares for its IPO in Hong Kong, with declining performance and shareholder sell-offs casting doubt on its prospects [1][2] - Lakala's revenue for the previous year was 5.759 billion yuan, a year-on-year decline of 2.96%, while net profit dropped by 23.26% to 351 million yuan [1] - In the first half of this year, Lakala's revenue fell to 2.65 billion yuan, a decrease of 11.1%, and net profit plummeted by 45.3% to 230 million yuan, primarily due to a downturn in the bank card acquiring market [1][2] Group 2 - The company's core business, which heavily relies on payment services, is under pressure due to market saturation and increased competition from major players like Alipay and WeChat Pay [2] - The payment business accounted for 89.7% of Lakala's revenue last year, but the growth potential is limited as the offline merchant market has become saturated [2] - Shareholders have been reducing their stakes, with significant sell-offs by key figures, including the founder's brother, who sold shares worth nearly 500 million yuan [3]