Telstra Corporation Limited
(ASX:TLS) is considering a move to float its majority-owned Chinese car sales website Autohome on the Nasdaq exchange in the United States, according to media reports.
The move could value the entire business at as much as $US1 billion, aimed at capitalising on strong investor demand for Chinese-exposed digital assets.
Telstra owns a 66 per cent stake in Autohome, which operates a car sales online portal.
Media reports say that Telstra is also considering a trade sale with ASX-listed carsales.com.au and Britain's Autotrader, but a decision is still some time away.
Telstra generated a net profit of $1.6 billion in the first half of the 2013 financial year.
