Telstra has picked up another $282 million from its last stake in China's Autohome

Traffic in Beijing. ChinaFotoPress/Getty Images

Telstra has sold its remaining interest in Chinese online business Autohome for US$217 million (A$282 million).

The Chinese group Ping An Insurance Group bought the 6.5% stake.

Last year Telstra sold its 47.7% interest in the online car sales business for $US1.6 billion ($A2.1 billion), bringing in an accounting gain of about $A1.8 billion.

Telstra used $1.5 billion for a share buyback.

The telco bought a majority stake in Autohome in 2008 and the business was listed on Wall Street in 2013. Autohome is a leading online automobile advertising platform and automotive information site in China.

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