PE parks capital in China car e-commerce firms

The suspension of IPOs on the mainland has not hindered the ability of Chinese car-related e-commerce firms Tuhu.cn and Mychebao.com to attract private capital.

PE parks capital in China car e-commerce firms

Chinese automobile-focused e-commerce firms Tuhu.cn and Mychebao.com have raised roughly $100 million and $50 million respectively in private capital from fund managers that continue to deploy capital on the mainland despite a central government-imposed freeze on initial public offerings.

The last time the government intervened to suspend IPOs was in November of 2012. Fund managers who experienced that 14 month-long suspension now appear more confident in alternative avenues of divestment such as trade...

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