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...