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Ping An to sell 42% stake in Autohome to Haier Group for $1.8b

Ping An to sell 42% stake in Autohome to Haier Group for $1.8b

A Haier refrigerator is seen on sale at an appliance store in Colorado | REUTERS/Rick Wilking

Hong Kong-listed Autohome said on Thursday the financial conglomerate Ping An Insurance will cease to be its controlling shareholder after agreeing to sell a 41.91% stake in the company for $1.8 billion.

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