EY advances low-altitude economy ecosystem through MoU with Lalamove

Jack Chan, EY China Chairman and Greater China Regional Managing Partner, says: "For EY, this collaboration is not simply about participating in a new industry. It is about helping shape the next wave of economic transformation, where technology, infrastructure, regulation and capital come together to create sustainable growth and long-term value."

Under the MoU, EY and Lalamove have agreed to collaborate on the conceptualization and advancement of a next-frontier enterprise logistics service offering. This will combine their complementary strengths to deliver intelligent, scalable, resilient and compliant logistics solutions for large enterprise customers.

Paul Loo, Lalamove Chief Operating Officer, says: "Through our collaboration with EY, Lalamove is helping enterprises navigate today's fast-changing business environment and increasingly complex supply chains. By combining our extensive logistics network and technology, we offer customized delivery solutions that go beyond traditional point-to-point fulfillment. This enables enterprises to achieve greater flexibility and scalability, while our automated workflows and seamless integrations enable better efficiency and allow them to focus on growth. To unlock transformative growth for enterprises, we are pioneering low-altitude economy solutions in Hong Kong and aim to expand across international markets. By integrating drone-enabled deliveries with our ground networks, we are creating a seamless, multi-dimensional instant logistics ecosystem that opens new horizons for global business."

Hong Kong's LAE ecosystem is still at an early stage, with key challenges including operating model design, governance and compliance, risk management, funding and cross-sector coordination. The development of LAE is a multi-party ecosystem play. EY acts as an ecosystem integrator, bringing together industry stakeholders to help identify and prioritize high-value use cases and turn pilot initiatives into commercially viable businesses. EY also supports the design of governance, risk management and compliance frameworks to enhance the credibility of LAE programs with regulators and investors. In addition, EY assists clients in designing data, AI and digital-platform strategies, enabling the comprehensive commercialization and expansion of their LAE business models.

The potential economic value of the LAE ecosystem primarily sits across three major layers: drone-enabled service applications, infrastructure enablement and institutional establishment. Hong Kong should capitalize on its strengths and focus on high-value segments within the ecosystem, including regulation and policymaking, certification, insurance, financing, testing and cross-boundary operations. For the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the bigger opportunity lies in integrating the industrial strengths of mainland cities with Hong Kong's roles as an international "super-connector" and "super value-adder" to build a competitive, integrated regional cluster.

Looking ahead over the next five years, the LAE in Hong Kong and the GBA is expected to evolve from a government-led pilot phase into an early commercial stage. Initial development will be driven by the widespread adoption of drones across use cases such as logistics, inspection and public services, while cross-boundary operations and selected electric vertical takeoff and landing passenger use cases emerge gradually.

By 2031, Hong Kong is expected to establish clearer low-altitude flight corridors, designated take-off and landing points and more sophisticated surveillance and communications layers. At the same time, regulations governing commercial drone operations are likely to become more flexible, supporting the scalable development of the industry.

Steve Lo, EY2 Greater China Alliances and Ecosystems Leader, says: "The low-altitude economy will continue to evolve, and its role within the broader economy will become more clearly defined. What will matter is how effectively innovation can be translated into practical, reliable, and commercially viable applications — supported by strong frameworks and coordinated stakeholders."

Jack Chan, EY China Chairman and Greater China Regional Managing Partner, says the collaboration is not simply about participating in a new industry, but about helping to shape the next wave of economic transformation, where technology, infrastructure, regulation and capital come together to create sustainable growth and long-term value.

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