Tencent-backed car-services platform Tuhu to move planned IPO to Hong Kong from the US

Source: Tech – South China Morning PostA Chinese online car-services platform backed by investors including Goldman Sachs Group Inc and Tencent Holdings Ltd is shifting its proposed initial public offering to Hong Kong from the US, people with knowledge of the matter said.The start-up, which is formally known as Shanghai Lantu Information Technology Holding Ltd, is working with China International Capital Corp and Goldman Sachs on the offering that could raise US$300 million to US$400 million this year, the people said, asking not…Read More

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