GGV, Morningside Lead $120M Series D Round In Iwjw

Shanghai-based mobile Internet-based real estate agency firm Iwjw has completed US$120 million series D round of financing led by GGV Capital and Morningside Ventures, according to a news article posted on the company’s website.

Shunwei Capital and Banyan Capital also participated in the round, which values the over one-year-old company at US$1 billion.

Founded in March 2014, Iwjw has raised over US$200 billion in total financing, says the news article.

The company helps young people in Beijing, Shanghai and Guangzhou to find apartments to buy or rent via its website and mobile apps.