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Tubatu.com

to8to.com

Stage

Series C | Alive

Total Raised

$216.48M

Valuation

$0000 

Last Raised

$200M | 8 yrs ago

About Tubatu.com

Tubatu.com is a third-party platform for customers, decoration companies, designers and construction material providers. To8to also offers offline construction supervision, and 'ZhuangXiuBao,' a product in the form of escrow funding that protects consumers' rights and ensures quality renovations.

Headquarters Location

BAK Technology Building, 10th Floor, 1001-A Keyan Road No.9, High-tech Zone, Nanshan District

Shenzhen, Guangdong, 518057,

China

+86 4006-900-288

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Expert Collections containing Tubatu.com

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Tubatu.com is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.

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Latest Tubatu.com News

Chinese Home Décor Firm Tubatu Pulls Out of Shenzhen IPO

Jul 19, 2022

(Yicai Global) July 19 -- Chinese home renovation platform Tubatu.com is retracting its initial public offering application on the Shenzhen stock exchange’s Nasdaq-style ChiNext Board after getting cold feet on reconsidering the wider business environment. Tubatu, which had been hoping to raise as much as CNY704 million (USD104 million), applied to withdraw its IPO application on July 11, the Shenzhen bourse said yesterday. The withdrawal is based on a thorough consideration of the overall market environment and other factors, and the company may restart the listing plan when appropriate, cofounder Wang Guochun said on China’s Twitter-like social media platform Weibo. Tubatu’s road to going public has not been smooth and the application at the Shenzhen bourse was halted three other times since it was submitted in June 2021, either due to financial data expiring or its underwriter being probed by the securities regulator. Each time the review was resumed, only for the firm to finally back out this month. Other interior décor firms have had better luck in going public. Ezviz Network and Arrow Home were both given the greenlight last month. And upholstery company Derucci Healthy Sleep has recently successfully listed. Tubatu logged an 18.7 percent slump in net profit from the year before to CNY70.3 million (USD10.4 million), according to its annual report. Earnings per share tumbled 18.7 percent over the period to CNY0.39 (USD0.06). But its assets swelled 10.7 percent to CNY753 million (USD111.7 million). Set up in July 2008, the interior decoration company is owned by Wang Guobin who holds 49 percent equity. Editors: Shi Yi, Kim Taylor Follow Yicai Global on

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Tubatu.com Frequently Asked Questions (FAQ)

  • Where is Tubatu.com's headquarters?

    Tubatu.com's headquarters is located at BAK Technology Building, 10th Floor, 1001-A, Shenzhen.

  • What is Tubatu.com's latest funding round?

    Tubatu.com's latest funding round is Series C.

  • How much did Tubatu.com raise?

    Tubatu.com raised a total of $216.48M.

  • Who are the investors of Tubatu.com?

    Investors of Tubatu.com include Matrix Partners China, Sequoia Capital China and 58.com.

  • Who are Tubatu.com's competitors?

    Competitors of Tubatu.com include 51hejia.com and 1 more.

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