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Benzinga
Benzinga
World
The Bamboo Works

IPO-Bound Tuhu Searches for Profits in Aftermarket Car Services

Key takeaways:

  • Tuhu has filed for an IPO in Hong Kong, after reportedly abandoning its original plan to raise up to $400 million through a U.S. listing
  • Intense competition in the aftermarket car services industry has kept the company firmly in the red, as it eyes new energy vehicles to turn the tide
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