News Snapshot:
Tencent Holdings-backed vehicle services platform Tuhu Car has filed for a listing on the Hong Kong stock exchange, becoming the latest in a long line of Chinese companies to shift listing plans from the US to Hong Kong amid rising geopolitical tensions. The mainland Chinese car services provider submitted application documents on Monday, which were posted on the stock exchange’s website, without revealing the size or likely timeframe of the initial public offering. Tuhu had initially wanted to list in New York but changed its plan to Hong Kong, and is seeking to raise about US$400 million, a person familiar...
