TuanChe, a Chinese automotive marketplace, has filed an application with the Securities and Exchange Commission to raise up to US$150 million in an initial public offering.  Financial terms remains undisclosed. The company’s existing shareholders such as Honour Depot Ltd., BAI GmbH, and K2 Partners II L.P. are the cornerstone investors in the offering, committing to purchase US$15 million […]

Chinese Automotive Marketplace TuanChe Files $150M US IPO appeared first on China Money Network.