About Tuhu
Tuhu is a company based in Shanghai (China) founded in 2011 by Chen Min.. Tuhu has raised $1.16 billion across 10 funding rounds from investors including Tencent, Baidu and Goldman Sachs. The company has 4,490 employees as of December 31, 2024. Tuhu operates in a competitive market with competitors including Tqmall, Qccr, Taoqipei, Beimai and APartsMan, among others.
- Headquarter Shanghai, China
- Employees 4490 as on 31 Dec, 2024
- Founders Chen Min
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tuhu Car Inc. Class A
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Annual Revenue
$2.06 B (USD)6.47as on Dec 31, 2024
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Net Profit
$67.54 M (USD)-92.92as on Dec 31, 2024
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EBITDA
$80.16 M (USD)38.77as on Dec 31, 2024
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Total Equity Funding
$1.16 B (USD)
in 10 rounds
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Latest Funding Round
$400 M (USD), Series E
Nov 13, 2019
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Investors
Tencent
& 16 more
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Employee Count
4490
as on Dec 31, 2024
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IPO & Listings of Tuhu
Tuhu is a publicly listed company on the HKEX with ticker symbol 9690 in Hong Kong, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Tuhu
Tuhu has successfully raised a total of $1.16B across 10 strategic funding rounds. The most recent funding activity was a Series E round of $400 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series E — $400.0M
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series E - Tuhu | Valuation | Tencent |
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| Sep, 2018 | Amount | Series E - Tuhu | Valuation | Tencent , The Carlyle Group | |
| Nov, 2017 | Amount | Series D - Tuhu | Valuation | The Carlyle Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tuhu
Tuhu has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Baidu and Goldman Sachs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tuhu
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tuhu
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tuhu Comparisons
Competitors of Tuhu
Tuhu operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tqmall, Qccr, Taoqipei, Beimai and APartsMan, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automotive spare parts are retailed online by Tqmall.
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| domain | founded_year | HQ Location |
Online marketplace platform to buy auto spare parts
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| domain | founded_year | HQ Location |
E-commerce platform for after-sales car parts and spares
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| domain | founded_year | HQ Location |
Online retailer of auto components & parts
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| domain | founded_year | HQ Location |
Specializes in vehicle dismantling and reselling automotive parts.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tuhu
Frequently Asked Questions about Tuhu
When was Tuhu founded?
Tuhu was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Tuhu located?
Tuhu is headquartered in Shanghai, China.
Who is the current CEO of Tuhu?
Chen Min is the current CEO of Tuhu. They have also founded this company.
Is Tuhu a funded company?
Tuhu is a funded company, having raised a total of $1.16B across 10 funding rounds to date.
How many employees does Tuhu have?
As of Dec 31, 2024, the latest employee count at Tuhu is 4,490.
What is the annual revenue of Tuhu?
Annual revenue of Tuhu is $2.06B as on Dec 31, 2024.
What does Tuhu do?
Tuhu was founded in 2011 in Shanghai, China, within the automotive e-commerce sector. An online marketplace is operated for auto spare parts, where purchases are facilitated by user inputs such as location, personal details, and payment information. Vehicle services, including check-ups and oil changes, are bookable on the platform. Operations focus on the Chinese market, supporting automotive maintenance needs.
Is Tuhu publicly traded?
Yes, Tuhu is publicly traded on HKEX under the ticker symbol 9690.
Who are Tuhu's investors?
Tuhu has 17 investors. Key investors include Tencent, Baidu, Goldman Sachs, CICC, and The Carlyle Group.
What is Tuhu's ticker symbol?
The ticker symbol of Tuhu is 9690 on HKEX.
What is Tuhu's valuation?
The valuation of Tuhu is $1.1B as of Nov 2019.
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