ATHM - IPO Update: TuanChe Files Proposed Terms For U.S. IPO
Company & Technology
Beijing, China-based TuanChe (TC) was founded in 2010 to connect and match automotive manufacturers, dealers and secondary dealers with consumers through collective purchase activities at sales events, and an online wholesale market.
Management is headed by Co-Founder, Chairman and CEO Wei Wen, who previously founded Bright Sunshine Technology.
TuanChe has developed a new car group purchase service that covers more than 30 cities across China. They utilize big data analytics to understand automotive demand by location to improve the efficacy of their event planning.
Additionally, the company also leverages the