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Kathay Holdings, a subsidiary under the Haier Group umbrella, has triumphantly secured a 43% equity stake in CarHome for an estimated $1.8 billion, thereby officially transitioning into its controlling shareholder. Following this transition, the former CEO, Wu Tao, has stepped down from his position and will be succeeded by Yang Song. Yang Song has assured stakeholders that there will be no layoffs and that he is committed to safeguarding the rights and interests of all employees. Looking ahead, CarHome aims to collaborate with Haier and Ping An to expedite its evolution into a comprehensive automotive ecosystem platform. Established by Li Xiang, CarHome has witnessed numerous changes in its shareholding structure, previously being held by Telstra and Ping An Insurance (Group) Company of China, Ltd.
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