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.
EqualOcean is an information service provider and investment research company that aims to become a global platform for industrial innovation. Founded in February 2014 and headquartered in Beijing, with a client network covering over 50 countries, the firm provides comprehensive professional services, including industry research, investment analysis, innovation consulting, data products, corporate branding and international strategy.
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