Haier Group to acquire near 42% stake in Autohome for $1.8 billion
Feb 20 (Reuters) - Hong Kong-listed Autohome (2518.HK), opens new tab said on Thursday its controlling shareholder Yun Chen Capital Cayman has agreed to sell its 41.91% stake in the company to a unit of Haier Group Corp for $1.8 billion.
Yun Chen, a unit of Ping An Insurance (601318.SS), opens new tab, will cease to be a controlling shareholder of the Chinese online advertising services provider following the sale, retaining around 23.9 million shares, Autohome added in the statement.
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Reuters
22 minutes ago
- Reuters
Stablecoin firm Circle scales record high after blockbuster NYSE listing
June 6 (Reuters) - Stablecoin issuer Circle Internet's (CRCL.N), opens new tab shares climbed 41% to hit a record high on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier. The New York-based company's stock touched as much as $117.45, more than triple its offer price of $31 and valuing the company at $30.5 billion on a fully diluted basis. The blockbuster listing also reinforced expectations that the IPO market was regaining its momentum after being stifled by tariff-driven volatility. "This is big enough that it extends beyond crypto," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs. Wall Street executives also struck an optimistic tone on Thursday at an industry conference, emphasizing that markets were ready for the right companies. NYSE President Lynn Martin said Circle's IPO was a bellwether for the IPO market this year and not just for crypto listings. Investors are also realizing that the uncertain environment is going to be relatively persistent and focusing on putting their dollars at work, Nasdaq CEO Adena Friedman said. "This is the latest sign of building momentum in the IPO market. We'll likely continue to see moderate activity over the next month, but there is still some tariff uncertainty on the horizon, which is why we're expecting more of a full IPO rebound in the fall," Kennedy said. Digital banking startup Chime is poised to go public in New York next week. Sixth Street-backed cancer diagnostic firm Caris Life Sciences, private equity-backed debt buyer Jefferson Capital and Florida-based Slide Insurance have also joined the IPO pipeline in recent weeks.
Scottish Sun
2 hours ago
- Scottish Sun
Rare coin sells for over 300 times its value on eBay – exact detail you need to look for on your spare change
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) BRITS have been urged to rifle in their pockets and check down the backs of sofas, after a rare coin sold for 300 times its value. Cash is being used less and less in Britain, with some companies even now refusing to take cash payments. Sign up for Scottish Sun newsletter Sign up 3 Could you have a rare coin amongst your spare change? Credit: Getty 3 The Kew Gardens 50p is the second rarest coin in active circulation 3 A Kew Gardens 50p recently sold for £157 Credit: eBay But although many prefer the convenience of contactless cards and see loose change as an annoyance, it can actually be extremely valuable. The rarest coin currently in active circulation is His Majesty King Charles III's 50p coin, depicting the Atlantic Salmon, with just 200,0000 of the coins back in 2023. Following close behind, the Kew Gardens 50p, released in 2009, is the second rarest coin, with 210,000 in active circulation. The highly sought-after collectable, which features the Kew Gardens pagoda, recently caused a storm on eBay, with a 25 bid showdown resulting in one of the rare coins being sold for £157, which is over 300 times its value. It is worth checking your piggy bank and sorting through any spare change for the coin, as it could end up earning you enough for a posh meal or a flight abroad. However, the Royal Mint warned that the coin may be tricky to find in your purse, as they are often snapped up by collectors. 'Nothing gets people excited quite like this original 2009 design", it said. "Just 210,000 were released into circulation and with almost all of them in private hands, the chances of coming across one in your change are slim.' It added: "The venerable institution depicted on the Kew Gardens 50p coin is the nation's most famous royal botanical garden. 'The reverse design, created by Christopher Le Brun RA, features the famous Chinese Pagoda at Kew with a decorative leafy climber twining in and around the tower. Best beer announced and sport's giant accused of RRP meddling 'Demand for the 50p denomination was not high at the time of release into circulation which explains the low mintage of this particular design.' The Atlantic Salmon 50p is also a highly sought-after collector's item, and often sells for huge sums on eBay. Last week, an Atlantic Salmon coin sold on eBay for a whopping £69, after a fierce 16 bid showdown. On October 7 one coin sold for £164 with six bidders fighting for the prize. Most rare and valuable 50p coins WE reveal the Royal Mint's most rare and valuable 50p coins in circulation. Triathlon Minted in 2011, the Triathlon 50p depicts the same sport which featured in the 2012 Olympics. There are more than 1,160,000 of the coins in circulation. With over 200million 50ps circulating in the UK, that makes this coin quite a rare find. The highest recent sale we've found on eBay recently was £30 on June 21. Judo Judo is a popular sport that involves grappling with your opponent. But despite the design, it's not so easy to get a hold of this coin, of which there are just 1,161,500 in circulation. The piece was designed by David Cornell after he won a national competition. It was minted in 2011 and the highest bid we've seen on eBay was for £17.95 on June 21. Wrestling Wrestling was one of the first Olympic sports so it's not surprising that it features on one of the 50p pieces. The 2011 coin was designed by Roderick Enriquez, a graphic designer from Hammersmith, London. We've seen it sell for as much as £15 online so is worth digging around for. In recent months, one was sold on eBay for £11.95 on June 18. Football Of all the coins created to commemorate the 2012 Olympic Games, the 50p Football is among the rarest. It features an explanation of the controversial offside rule on it, with 1,125,000 produced. One sold for £20 on eBay on June 11, although it has been known to go for as much as £75 in the past. Kew Gardens The Kew Gardens 50p is the rarest of all the 50p pieces, with only 210,000 in circulation. They have been known to sell for as much as £895 on eBay before. The design was created by Christopher Le Brun RA and features the famous Chinese Pagoda with a leafy chamber that twists around the tower. The coin often sparks the interest of new coin collectors due to its rarity. The highest sale we found in recent weeks was £142 on June 22 with 23 bids. Another sold for £147 on December 16 with a whopping 37 bids. If you're ever unsure of how much a coin should be sold for, it helps to look at what prices other people are listing. You can also run it through Change Checker's Scarcity Index to get a sense of its value. How to Sell A Rare Coin If you're lucky enough to find a rare coin amongst your spare change, you can sell them through online marketplaces such as eBay. You can also sell coins via auction, through the Royal Mint Collector's Service. If you choose to do it this way, a team of experts will authenticate and value your coin, and advise you on how to sell.
Reuters
2 hours ago
- Reuters
Tesla seeks to block city of Austin from releasing records on robotaxi trial
June 6 (Reuters) - Tesla is trying to prevent the city of Austin, Texas, from releasing public records to Reuters involving the EV maker's planned launch of self-driving robotaxis in the city this month. The news agency in February requested communications between Tesla and Austin officials over the previous two years. The request followed CEO Elon Musk's announcement in January that Tesla would launch fare-collecting robotaxis on Austin public streets. Austin public-information officer Dan Davis told Reuters on April 1 that 'third parties' had asked the city to withhold the records to protect their 'privacy or property interests.' Austin officials on April 7 requested an opinion on the news agency's request from the Texas Attorney General's office, which handles public-records disputes. On April 16, an attorney for Tesla (TSLA.O), opens new tab wrote the AG objecting to the release of 'confidential, proprietary, competitively sensitive commercial, and/or trade secret information' contained in emails between Tesla and Austin officials. The Tesla attorney wrote that providing the documents to Reuters would reveal 'Tesla's deployment procedure, process, status and strategy' and 'irreparably harm Tesla.' Tesla and the Texas Attorney General's office did not respond to Reuters' requests for comment. Neal Falgoust, who oversees public records issues for Austin's Law Department, said the city "takes no position on the confidential nature of the information at issue" but is required to seek the Attorney General's opinion when "a third-party asserts that their information is proprietary and should not be released." Musk has staked Tesla's future on self-driving vehicles he has promised for a decade but hasn't delivered, making Austin's robotaxi launch closely watched as a potential milestone. Some analysts and investors attribute the majority of Tesla's stock market value to hopes for robotaxis and humanoid robots it has yet to deliver. Little is known about Tesla's plans in Austin. The company has said it aims to initially deploy between 10 and 20 driverless robotaxis in restricted geographic areas of Austin, which it has not publicly identified. In an April 23 response to Tesla's letter, a Reuters lawyer wrote that Tesla's intent to deploy the unproven technology on Texas roadways makes its plans 'an issue of enormous importance to Texas and the public at large' and underscored the public's right to know. Falgoust, the Austin law department official, did not respond to questions about whether the public was entitled to information about Tesla's driverless technology. Texas state law requires the Attorney General's office to decide within 45 business days, which would be next week.
