Reuters reports exclusively that China’s Ping An seeks to sell stake in auto services portal

Reuters reported exclusively that Chinese financial conglomerate Ping An Insurance Group is seeking to offload its 44% stake in auto services portal Autohome. Ping An, which is currently the biggest shareholder of Beijing-based Autohome via an offshore entity, has held talks with several strategic and private equity investors for the stake in recent months. The stake would be worth around $2.15 billion based on Authome’s current valuation.