AutoHome (ATHM) has released an update.
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Autohome Inc., a premier online platform for automobile consumers in China, has unveiled a new program to repurchase up to $200 million of its shares within the next 12 months, aiming to optimize shareholder value. The repurchases will be conducted through various legal means, based on market conditions, and will be funded from the company’s existing cash reserves. Autohome is known for its comprehensive services to automobile consumers and the industry, offering everything from data analysis to online transactions.
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