News
Chinese Property Site Raises $1B In Funding At $6.2B Valuation
April 8, 2016
Beijing’s Homelink Real Estate Brokerage has raised $1B in a round of financing that will give the company a $6.2B valuation.
The company focuses on rental and secondhand real estate transactions and is raising that $1B from Chinese internet giants, including Tencent Holdings and Baidu, Bloomberg reports.
Homeland opened its first physical store in Beijing in 2001 and has since expanded to 5,000 outlets across 24 cities in China.
The firm also manages an online database that holds information on 56 million property units and expects transactions from its platform to rise 67% to at least $154B by 2017. [Bloomberg]
