Beijing-based Chinese classified ads listing portal Ganji.com has completed over US$200 million new round of financing, led by New York-based investment firm Tiger Global Management LLC and the Carlyle Group, according to Chinese media reports.
Founded in 2005, the Craigslist-like portal received two rounds of financing totaling US$90 million in August 2013, with one round led by CITIC Capital, and the other led by Ontario Teachers’ Pension Plan Board (OTTP) and global financial management company Macquarie Group.
Before that, Ganji.com received US$70 million financing from Capital Today and Sequoia Capital in 2011. Nokia Growth Partners and BlueRun Ventures led a US$20 million round in 2010, according to its official website.
Proceeds from the latest round will be used for research and development of wireless products, as well as exploring the field of O2O (Online-to-Offline) services.
Ganji.com is China’s largest classified information web portal, with daily visitors reaching over 20 million. It is headquartered in Beijing, with branch offices in Shanghai and Shenzhen.