China’s Fangdd.Com Completes $80M Series B Round

Shenzhen-based Chinese real estate trading platform Fangdd.com has completed US$80 million series B financing, according to media reports.

Vision Knight Capital China Fund, Lightspeed China Partners and CDH Venture Partners participated in the round.

Fangdd.com previously received RMB50 million in series A financing from CDH Venture last July.

Proceeds from the latest round will be used for strategic business development. The company will expand its mobile Internet products to provide better O2O (online to offline) experiences to customers.

Founded in 2011, Fangdd.com currently cooperates with more than 5,000 brokers including China Vanke, China Poly Group, and Dalian Wan Da Group, covering the whole country with more than 50,000 stores.

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