On January 24, Tuhu Yangche submitted a prospectus to the Hong Kong Stock Exchange and applied for listing on the main board. According to the prospectus, Chen Min, founder and CEO of IPO Prospect Tiger Car Network, holds 11.76% of the shares, another co-founder, Hu Xiaodong, holds 3.22% of the shares, and Tencent holds 19.41%, making it the largest institutional shareholder of the company. In the past three years, the adjusted net loss of Tuhu Yangche was 1.04 billion yuan, 970 million yuan and 900 million yuan, respectively.
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