Is Autohome under Ping An?
1 Answers
"Ping An Property & Casualty Insurance" acquired shares of Autohome. Specifically, Ping An Property & Casualty Insurance used its own funds to acquire approximately 26% of the shares (the exact shareholding ratio depends on the fund exchange situation). Below is a detailed introduction to Autohome: Introduction: Autohome was established in 2005, positioning itself as a vertical automotive website, providing users with information related to car selection, purchase, usage, and replacement. It was listed on the New York Stock Exchange in 2013. On April 15, 2016, Telstra, which held 55% of Autohome's shares and was its largest shareholder, sold 47.7% of its shares to China Ping An Insurance Group. On April 16, the company's management team, led by Autohome CEO Qin Zhi, along with Boyu Capital and Hillhouse Capital, formed a consortium. However, Ping An did not appear on the list of buyers. Although the privatization consortium's offer was higher than that of Ping An Trust, Telstra did not accept this privatization proposal.