On January 14th, Tubatu announced its plan to land in A shares. It has now accepted the guidance of CICC and conducted guidance and filing with the Shenzhen Securities Regulatory Bureau on December 31, 2020.

It is reported that last month, Tubatu’s business entity "Shenzhen Binxun Technology Co., Ltd." changed its business name to Tubatu Group Co., Ltd. and its registered capital increased from RMB 4.0765 million to RMB 180 million, preparing for landing in the capital market.

Tubatu was established in Shenzhen, China in July 2008. It is a domestic Internet home improvement platform. Tubatu mainly operates two business lines, namely online platform and home improvement contracting business.

In the online platform business, Tubatu provides users with one-stop home improvement solutions, including information discovery and intelligent matching with service providers, project execution and quality inspection, renovation before payment, customer feedback and other value-added services; at the same time, Tubatu provides service providers with order recommendation, membership service, loan promotion service, insurance promotion and supply chain management solutions. In the home improvement contracting business, Tubatu provides construction contracting services and main materials for the owners.

As a well-known internet home improvement platform in China, Tubatu has grown into an industry giant. According to Aurora Big Data, as of the end of the fourth quarter of 2019, the penetration rate of internet home improvement was 0.79%, a year-on-year growth rate of 33.9%. Among them, Tubatu alone accounted for 83.3% of the market share.

As of December 2019, nearly 110,000 decoration companies have gathered on the Tubatu platform, covering more than 310 cities in China and serving 35 million users.

At present, Tubatu has opened 250 urban sub-stations, bringing together nearly 80,000 formal decoration companies and 850,000 interior designers across the country, and has established Beijing, Shanghai, Guangzhou, Wuhan, Changsha, Nanjing, Hangzhou, Xiamen, Fuzhou, etc. 27 branches, which currently employs more than 3000 people.

According to Qcc, Tubatu raised a US$200 million series C financing on March 9, 2015, led by Sequoia Capital, 58.com and Matrix Partners. Since 2011, Tubatu has conducted three rounds of financing, and other financing parties include Jingwei Venture China.

It is worth mentioning that Tubatu was listed on the Hurun Global Unicorn List with a valuation of 10 billion yuan in 2019 and 2020.