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Haier Group to acquire near 42% stake in Autohome for $1.8 billion
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Haier Group to acquire near 42% stake in Autohome for $1.8 billion
Feb 20, 2025 2:44 AM

(Reuters) - Hong Kong-listed Autohome ( ATHM ) said on Thursday its controlling shareholder Yun Chen Capital Cayman has agreed to sell its 41.91% stake in the company to a unit of Haier Group Corp for $1.8 billion.

Yun Chen, a unit of Ping An Insurance, will cease to be a controlling shareholder of the Chinese online advertising services provider following the sale, retaining around 23.9 million shares, Autohome ( ATHM ) added in the statement.

China's Haier Group Corp owns home appliance maker Haier Smart Home.

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