cars copyA management buyout deal backed by Boyu Capital and Hillhouse Capital was unable to reverse course of China's Autohome Inc.'s sale to Ping An Insurance Group. Ping An said it had acquired a 47.7% stake of Autohome from its largest shareholder Telstra Corp. for US$1.6 billion to control the online Chinese automobile information platform. At […]

Visit for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Visit the original source and full text: China Money Network