Zhejiang Wanfeng Auto Wheel Co., Ltd. and Tuhu.cn Corporation entered into a strategic cooperation agreement in Beijing, to form an auto service joint venture. The new company will be registered in Shanghai, with registered capital of CNY 100 million. Zhejiang Wanfeng Auto Wheel Co., Ltd. will invest CNY 55 million and hold 55% of the joint venture, while Tuhu.cn Corporation will invest CNY 45 million and hold the remaining 45% stake.