Chinese used car trading platform TTP bags $168m from Autohome

TTP Car Inc

Shanghai-based used car trading platform TTP Car Inc. has signed an agreement to raise $168 million from returning investor Autohome Inc., an online destination for automobile consumers.

As part of the deal, New York-listed Autohome has the right to purchase up to $200 million, in total principal amount, of one or more convertible bonds to be issued by TTP Car, said Autohome in an announcement on Tuesday.

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