Tencent muscles further into auto industry by backing repair unicorn

Online service Tuhu, valued at $1.1bn, seeks $400m in new financing

20191113 Car services platform Tuhu and Tencent

Chinese startup Tuhu provides on-demand automotive services. (Nikkei montage)

NIKKI SUN, Nikkei staff writer

HONG KONG -- Chinese technology conglomerate Tencent Holdings is leading a new funding round of up to $400 million for online car services platform Tuhu.

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