WorldUnion Leads $68M Series A In Qfang.Com

Shenzhen-based property consulting firm WorldUnion has agreed to lead a RMB420 million (US$68 million) series A financing in Shenzhen-based online property listing platform, according to a securities filing.

WorldUnion is to acquire a 15% stake of after the completion of the financing, which is still pending board approvals.

As of July 2014, operates 16 branch offices in the south-eastern part of China, and has partnerships with over 300 franchise property agencies.

Earlier this month, New York Stock Exchange-listed Chinese Craigslist-like platform Inc. says it has acquired Shanghai-based real estate listing platform Anjuke for approximately US$267 million.

Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
China Expert network