China's second biggest property developer China Vanke Co., Ltd. has agreed to invest RMB3 billion (US$440 million) in Lianjia, a Beijing-based online real estate agency, deepening the existing partnership between the two companies.
Sunac China Acquires 6.25% Of Online Realtor Lianjia For $375M
Hong Kong-listed Chinese property developer Sunac China Holdings Ltd. has agreed to acquire a 6.25% stake in online real estate agency Lianjia for RMB2.6 billion (US$375 million) by subscribing to Lianjia's new share issuance, the company announced yesterday.
Huasheng, Hillhouse-Backed Lianjia Prepares For IPO
Lianjia, a Chinese O2O real estate agency service firm backed by Huasheng Capital, Tencent Holdings Ltd. and Hillhouse Capital, is preparing for an initial public offering in China, Hong Kong or the U.S., according to an article published by Jiemian.com.
Huasheng Capital Leads $926M Series B In Lianjia
Huasheng Capital, a private equity fund established by China Renaissance Partners, has led a RMB6 billion (US$926 million) series B round in Lianjia, a Chinese O2O (online-to-offline) real estate agency service provider.