Tencent came on board as a Tuhu investor and strategic partner in a series E round that followed a Baidu-backed round two years ago.
China-based after-sales automotive services provider Tuhu has secured $450m in a series E round that included internet group Tencent, China Money Network reported today.
CICC Qiyuan and CICC Alpha, both of which are overseen by investment bank China International Capital Corporation, also took part, as did Carlyle Group, Sequoia Capital, CCB International, Qiming Venture Capital, Joy Capital, Grand Flight Investment, Goldman Sachs and Welkin Capital.
Tuhu operates an online-based offering that supplies replacement car parts, tires and lubricants as well…
