Baidu and Tencent are among the investors that will score an exit if the online auto aftersales platform goes public in a Hong Kong offering.
Tuhu, the China-based owner of an online marketplace for car maintenance services, has filed for an initial public offering on the Hong Kong Stock Exchange that could enable internet groups Baidu and Tencent to exit.
Founded in 2011, Tuhu has built an e-commerce platform that helps nearly 73 million registered users find automotive aftermarket services including car maintenance and replacements for car parts and tyres. It runs almost 3,400 outlets and about 33,000 franchise stores across its…
