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.

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.

¬ Haymarket Media Limited. All rights reserved.

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