On the evening of August 28th, the home improvement platform Tubatu submitted a prospectus to the Hong Kong, China Stock Exchange today. According to the prospectus, Tubatu's revenue for the first half of 2018 was 270 million yuan, gross profit was 216 million yuan, and operating loss was 10.6 million yuan. The net loss was 636 million yuan, compared with a net loss of 709 million yuan in the same period last year.

Revenues from 2015 to 2017 were 202 million yuan, 570 million yuan, and 881 million yuan respectively; gross profit was 178 million yuan, 325 million yuan, and 494 million yuan respectively; net losses were 750 million yuan, 560 million yuan, and 1.11 billion yuan respectively. 2015-2017, the accumulated loss of 2.421 billion yuan.

In 2015, 2016, 2017 and as of June 30, 2018, Tubatu's online platform business revenue was 190 million yuan, 298 million yuan, 402 million yuan and 214 million yuan. Business income was RMB 0.13 billion, RMB 273 million, RMB 479 million and RMB 0.56 billion.

Tubatu was launched in June 2009 and is operated by Shenzhen BINCENT INC., its founder and CEO is Wang Guobin.

Tuba Rabbit won the MatrixPartners China A series investment in December 2011. In 2014, it completed MatrixPartners China and Sequoia China B series financing. In March 2015, it completed the C series financing of MatrixPartners China, Sequoia China and 58 cities.

Tubatu said the proceeds will be used to upgrade technology and digital platforms, enhance 3D design and provide artificial intelligence tools, and introduce user traffic to websites and mobile applications.

(Source: JJgle.com)