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Caixin Global
Caixin Global
Business

Tencent-Backed Car Maintenance Startup Eyes Hong Kong Listing

Tencent Hong Kong Shanghai

What’s new: Shanghai-based car maintenance startup and auto parts distributor Tuhu Car Inc. has filed for an IPO in Hong Kong.

The Goldman Sachs and Tencent-backed firm is seeking new funding to expand its business as increased demand fails to arrest the growth of its losses.

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