The Tuhu logo shown on a smartphone in Stuttgart, Germany, on July 3, 2021. Photo: Shutterstock
The Tuhu logo shown on a smartphone in Stuttgart, Germany, on July 3, 2021. Photo: Shutterstock
Start-ups

Tencent-backed car-services platform Tuhu to move planned IPO to Hong Kong from the US

  • The start-up, which is also backed by Goldman Sachs, is the latest Chinese company to back away from IPO plans for the US in favour of the Asian financial hub
  • Tuhu is looking to raise US$300 million to US$400 million amid a tough regulatory environment in China for internet platforms

Topic |   Start-ups
The Tuhu logo shown on a smartphone in Stuttgart, Germany, on July 3, 2021. Photo: Shutterstock
The Tuhu logo shown on a smartphone in Stuttgart, Germany, on July 3, 2021. Photo: Shutterstock
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