Tuhu to Complete VIE Construction, Prepares for Overseas Listing
Chinese auto maintenance e-commerce, Tuhu, is about to complete the construction of the Variable Interest Entities (VIE) structure and is already in the process of equity pledge.
This May, 20 shareholders of the company, including Tencent, withdrew, reducing the registered capital by 80%. Many believe the company's move is getting ready for going public abroad.
This text is a result of machine translation.
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