Autohome returned to agree a $168m investment in the automotive auction platform two years after buying a $100m convertible bond.

Automotive e-commerce company Autohome agreed yesterday to invest $168m in China-based online car auction platform TTP Car yesterday.

Also known as Tiantian Paiche, TTP operates an online platform that allows car owners to auction off their vehicles to a customer base of second-hand dealers.

Autohome had previously paid $100m for an 8% convertible bond in the company in June 2018 and the latest deal gives it the option to buy up to $200m in convertible bonds upon request.

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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