# Tuhu funding: rounds and investors > Tuhu has raised $850M across 3 rounds since 2015. Investors include Tengxun Touzi, Baidu and Hill House Capital. Every round with its source. Source: https://millionrounds.com/company/tuhu (Millionrounds; every figure on the page links to its filing or article) China · [Funded startup](https://millionrounds.com/companies) # Who invested in *Tuhu* 3 rounds we have observed, with the 12 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Internet Logistics Valuation: $1.0B, Apr 2022 Funding summary Updated 26 Oct 2026 **$850M** raised across 3 rounds since 2015, from 3 sources **$100M** Series C **$450M** Series E **$300M** Round - **Latest round:** Round, $300M Nov 2019 - **Biggest round:** $450M Series E · Sept 2018 - **Investors:** 12 (2 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2016 2017 2018 2019 **$100M** Series C **$450M** Series E **$300M** Round - **First round:** Series C, $100M - **Biggest round:** $450M - **Usual gap between rounds:** 3.1 years ## The rounds - **Nov 2019** Round **$300M** *1 returning* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) Reported by Equalocean - **Sept 2018** Series E **$450M** *7 new* [Baidu](https://millionrounds.com/fund/baidu) Lead [Hill House Capital](https://millionrounds.com/fund/hill-house-capital-2) Lead [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [The Carlyle Group](https://millionrounds.com/fund/the-carlyle-group) [Joy](https://millionrounds.com/fund/joy-2) Grand Flight Sequoia Capital/ CICC Reported by AVCJ - **Aug 2015** Series C **$100M** *5 new* [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) [Legend Capital](https://millionrounds.com/fund/legend-capital) [Joy Capital](https://millionrounds.com/fund/joy-capital) [Far East Horizon](https://millionrounds.com/fund/far-east-horizon-zhouji-tongli) [Welkin Capital Management](https://millionrounds.com/fund/welkin-capital-management) From a historical funding record ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series C** 2015 **Series E** 2018 **Round** 2019 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [Baidu](https://millionrounds.com/fund/baidu) L [Hill House Capital](https://millionrounds.com/fund/hill-house-capital-2) L [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) [Legend Capital](https://millionrounds.com/fund/legend-capital) [The Carlyle Group](https://millionrounds.com/fund/the-carlyle-group) [Joy Capital](https://millionrounds.com/fund/joy-capital) [Joy](https://millionrounds.com/fund/joy-2) [Far East Horizon](https://millionrounds.com/fund/far-east-horizon-zhouji-tongli) [Welkin Capital Management](https://millionrounds.com/fund/welkin-capital-management) ## Everyone who backed them [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **2** rounds [Baidu](https://millionrounds.com/fund/baidu) Investment firm **1** round, led 1 [Hill House Capital](https://millionrounds.com/fund/hill-house-capital-2) Wealth manager **1** round, led 1 [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) VC firm **1** round [Legend Capital](https://millionrounds.com/fund/legend-capital) VC firm **1** round [The Carlyle Group](https://millionrounds.com/fund/the-carlyle-group) Private equity **1** round [Joy Capital](https://millionrounds.com/fund/joy-capital) VC firm **1** round [Joy](https://millionrounds.com/fund/joy-2) Company **1** round [Far East Horizon](https://millionrounds.com/fund/far-east-horizon-zhouji-tongli) Private equity **1** round [Welkin Capital Management](https://millionrounds.com/fund/welkin-capital-management) Family office **1** round Grand Flight no record of our own yet **1** round Sequoia Capital/ CICC no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=tuhu). ## Quick answers about Tuhu ### Who invested in Tuhu? Tuhu's investors include Tengxun Touzi, Baidu, Hill House Capital, Qiming Venture Partners and Legend Capital, and 7 more on record. ### How much has Tuhu raised? Tuhu has raised $850M across 3 rounds since 2015. ### When did Tuhu last raise? Tuhu's most recent round was an Undisclosed round of $300M in Nov 2019. ### What was Tuhu's biggest round? Tuhu's largest round on record is $450M (Series E), in Sept 2018, led by Baidu. ### Who backed Tuhu first? Tuhu's first round on record, in Aug 2015, was backed by Qiming Venture Partners, Legend Capital and Joy Capital and 2 others. ### What stage is Tuhu at? Tuhu's latest named round is an Undisclosed round, in Nov 2019. ### Where is Tuhu based? Tuhu is based in China. ### Who led Tuhu's rounds? Baidu led the Series E in 2018. ## Companies like Tuhu In the same sector, and raised in the last eighteen months. [**ByteDance** $33B · Sept 2026](https://millionrounds.com/company/bytedance)[**Xpeng Motors** $2.4B · Aug 2025](https://millionrounds.com/company/xpeng-motors)[**EngineAI** $139M · Jul 2025](https://millionrounds.com/company/engineai)[**Chengrui Power Technology** May 2025](https://millionrounds.com/company/chengrui-power-technology)[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app