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Autohome Inc

Status:
Active
Country:
China
Ultimate Parent:
Ping An Insurance (Group) Company of China Ltd
Immediate Parent:
Yun Chen Capital Cayman
Immediate Parent:
Immediate Parent:

Description:

Autohome Inc is an online platform for automotive consumers in China that is engaged in the provision of online advertising of vehicles (i.e. car sales) and dealer subscription services in China.

Autohome Inc (formerly known as Sequel Limited), was incorporated in the Cayman Islands on 23 June 2008. At the time of incorporation, the company was 100% owned by Telstra Holdings Pty Ltd (Telstra), a subsidiary of Telstra Corporation Limited.

On 27 June 2008, the company acquired Cheerbright International Holdings Limited (Cheerbright), China Topside Co Ltd (China Topside), and Norstar Advertising Media Holdings Co Ltd (Norstar), and their respective wholly foreign-owned companies. Subsequent to the acquisition, the company was owned 55% by Telstra, and 45% by the selling shareholders of Cheerbright, China Topside and Norstar. In May 2012, Telstra acquired additional ordinary shares of the Company from other shareholders.

In June 2016, Telstra sold approximately 47.4% of the then total issued shares in the company to Ping An Insurance (Group) Company of China Ltd (Ping An) and on 22 February 2017, Ping An acquired a further 6.5% of the then total issued shares in the company from Telstra. Following Ping An's acquisition, Ping An became the company’s controlling shareholder and ultimate parent entity.

In the financial year end 31 December 2019, Autohome Inc employed 4,198 people.

The company is listed on the New York Stock Exchange (NYSE) under the code ATHM.

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