Venture Capital
Shanghai-based Tuhu, an automobile after-sales products and services provider, announced that it has raised US$450 million in series E financing round from Tencent, Carlyle Group and Sequoia Capital. New investor such as CCB International and CICC Qiyuan, and existing investors including Qiming Venture Capital, Joy Capital, Grand Flight Investment, Goldman Sachs, CICC Alpha and Welkin Capital also participated in this round. Founded in 2011, Tuhu provides same-day or next-day automobile after-sales product delivery as well as installation and car washing … Tencent, Carlyle Group, Sequoia Capital Leads $450M Series E Round In Tuhu appeared first on China Money Network.