Autohome Injects USD 168 Million in TTP Car
Autohome Inc. (ATHM:NYSE), an auto media and car transaction marketplace in China, announced that it will make an investment in TTP Car Inc., through subscription of preferred shares in the capital of TTP for an aggregate purchase price of USD 168 million. TTP Car is an auction platform for used cars in China that has a dominant market share in the upstream market of customer-to-business (C2B) used car trading.
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