Tencent-Backed Tuhu to Move Planned U.S. IPO to Hong Kong

Source: yahoo.com yahoo.com

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(Bloomberg) -- A Chinese online car-services platform backed by investors including Goldman Sachs Group Inc. and Tencent Holdings Ltd. is shifting its proposed initial public offering to Hong Kong from the U.S., people with knowledge of the matter said. Most Read from Bloomberg WHO Downplays Threat of Covid-19 Variant Found in France U.S. Logs Record 1 Million Virus Cases With Data Delay Biggest Tech Selling in a Decade as Rate Rout Spooks Hedge Funds Omicron Cases Are Hitting Highs, But New Data Put End in Sight Hawkish Fed Sparks Tech Rout, Treasury Selloff: Markets Wrap The startup, which is formally...