# Shanghai Lantu Information Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-lantu-information-technology-co

- Industry: Retail
- Headquarters: Shanghai, China
- Website: www.tuhu.cn
- Total disclosed funding: $1.6B
- Latest round: Series F (Nov 29, 2021)
- Investors on record: 18

## About

Based in Shanghai, China, and founded in 2014, Shanghai Lantu Information Technology Co., Ltd. is an online car services platform and solution provider for the automobile industry. Its business scope covers 19 provinces and 266 cities across the country. As of June 30, 2023, the company's store network consisted of 161 self-operated stores, 4,968 franchised Workshop stores and 20,013 partner stores, with approximately 105 million registered users. The company was honored as the TOP 50 large consumer innovation enterprises in China by VentureBond of 2019, and a unicorn in China's new economy automobile transportation industry in 2020. In September 2023, it raised pre-IPO funding. In September 2023, the company was listed on the Hong Kong Stock Exchange, and its stock code is 9690.

The company provides automobile services including tires, engine oil, wheel hub via the website. It also provides after-sale automobile services like tire changes, car washes, parts installation via offline branches. The products have served car owners, suppliers, service stores and other participants.

The company generates revenue by providing after-sales services such as tires, motor oil, car maintenance, and car detailing.

## Funding rounds

- Series F, Nov 29, 2021, $127M — FountainVest, Tencent Investment, Hillhouse Investment
- Series F, Feb 26, 2021, $276M — Hong Shan, FountainVest, Tencent Investment, Hillhouse Investment, D1 Capital Partners
- Series F, Jun 19, 2020, $300M — Hong Shan, Legend Capital, FountainVest, Tencent Investment, Joy Capital, D1 Capital Partners
- Series F, Nov 13, 2019, $300M — Tencent Investment
- Series E, Sep 15, 2018, $450M — Carlyle Group, Hong Shan, Qiming Venture Partners, CCB International Asset Management, China International Capital Corporation, Goldman Sachs Asset Management, Tencent Investment, Welkin Capital Management, Joy Capital, CICC Qianhai Capital, Grand Flight Investment
- Series C, Oct 23, 2015, $50M — Qiming Venture Partners, Greenwoods Asset Management, China International Capital Corporation, Hillhouse Investment, Far East Capital
- Series C, Jun 9, 2015, $100M — Legend Capital, Qiming Venture Partners, Haitong Leading Private Equity Fund Management, Welkin Capital Management, Joy Capital, Far East Capital
- Series B, Jul 30, 2014 — Legend Capital, Qiming Venture Partners
- Series A, Jan 1, 2013 — Qiming Venture Partners

## Investors

- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series A, Series B, Series C, Series E
- Legend Capital — Series B, Series C, Series F
- Haitong Leading Private Equity Fund Management (https://capitalatlas.ai/funds/haitong-leading-private-equity-fund-management) — Series C
- Welkin Capital Management (https://capitalatlas.ai/funds/welkin-capital-management) — Series C, Series E
- Joy Capital (https://capitalatlas.ai/funds/joy-capital) — Series C, Series E, Series F
- Far East Capital — Series C
- Greenwoods Asset Management (https://capitalatlas.ai/funds/greenwoods-asset-management) — Series C
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series C, Series E
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series C, Series F
- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series E
- Hong Shan — Series E, Series F
- CCB International Asset Management (https://capitalatlas.ai/funds/ccb-international-asset-management) — Series E
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series E
- Tencent Investment — Series E, Series F
- CICC Qianhai Capital (https://capitalatlas.ai/funds/cicc-qianhai-capital) — Series E
- Grand Flight Investment (https://capitalatlas.ai/funds/grand-flight-investment) — Series E
- FountainVest (https://capitalatlas.ai/funds/fountainvest) — Series F
- D1 Capital Partners (https://capitalatlas.ai/funds/d1-capital-partners) — Series F