It has bought nearly half of the company’s New York-listed shares from Australian telecom operator Telstra for $1.6 billion. After a boardroom tussle at the expense of minority shareholders, Chinese car portal Autohome is now in the clutches of insurance giant Ping An. First order of business: remake the... You bought it, you broke it.

Source: Wall Street Journal June 29, 2016 06:45 UTC