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PIAIF - Battered Autohome Sees Light At End Of Tunnel
Ping An Insurance Co of China Ltd.
Leading Chinese online auto company Autohome says its revenue fell 24% in the third quarter, dragged down by a 50% decline in spending by car manufacturers.
Company sees global auto sector returning to more normal conditions in second half of next year as chip shortages ease.
Autohome looks like a relative favorite in its sector among global institutional buyers.