Tencent, Baidu, JD.com and BitAuto are all set to record exits, after the automotive financing platform filed to go public in Hong Kong.
Yixin Group, a China-based online car finance platform backed by corporates including internet company Tencent, has filed for an initial public offering that could raise up to HK$6.77bn ($867m), China Money Network reported today.
The company is set to offer 878.7 million shares on the Hong Kong Stock Exchange at a price range of HK$6.60 to HK$7.70, valuing Yixin at up to $6.5bn despite its inability to make a profit.
Spun out of automotive e-commerce business BitAuto in 2014, Yixin operates…
