Tuhui Car Tech Branch
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Tuhui Car Tech is a branch entity of Tuhu Car Inc (途虎养车), the Tencent-backed Chinese automotive aftermarket platform founded in Shanghai in 2011. Tuhu runs China's largest independent car-service network: online booking with upfront, transparent pricing plus offline installation across thousands of workshops, backed by investors including Tencent, Sequoia China and Joy Capital. The parent company debuted on the Hong Kong Stock Exchange in September 2023 — the largest TMT IPO in Hong Kong that year, raising over $1 billion — and serves more than 150 million registered users; it remains operating, signing a strategic partnership with Nio in March 2026 and expanding into Malaysia.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Tuhu Car is founded in Shanghai in 2011 as an online-to-offline car maintenance and auto-parts platform.
- IPO
Tuhu Car Inc lists on the Hong Kong Stock Exchange in September 2023, the largest TMT IPO in Hong Kong that year, with Tencent as a cornerstone investor.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.