Ownership Acquisition
-
Hai’er Group Subsidiary Becomes Controlling Shareholder of Autohome
Haier Group, via Katai Capital, acquired a 43% controlling stake in Autohome from Ping An Insurance for $1.8 billion. This makes Haier the controlling shareholder, while Ping An retains a 5.1% indirect stake. Concurrently, Wu Tao stepped down as CEO, replaced by Yang Song who assured no layoffs. Yang Song envisions Autohome’s evolution into a comprehensive automotive ecosystem through collaboration with Haier and Ping An. Autohome, founded in 2005, has seen previous ownership transitions involving Telstra and Ping An.
