Telstra Corporation Limited
(ASX:TLS)has filed a registration statement to list Chinese internet business Autohome on the New York Stock Exchange.
Telstra chief executive officer David Thodey says the initial public offering for Autohome will be an important milestone.
Telstra described the business as the leading online destination for car buyers in China and one of Telstra’s strategic investments in Asia.
Telstra recently increased its Autohome shareholding from 66 per cent to 71.5 per cent ahead of the proposed IPO.
Telstra delivered a full-year net profit of $3.86 billion in fiscal 2013.
