The online marketplace paid $267m to buy real estate platform Anjuke, giving an exit to Baidu in the process.
E-commerce company 58.com acquired China-based online real estate listing platform Anjuke on Sunday in a $267m cash and stock deal, providing an exit to investors including internet company Baidu.
58.com paid approximately $160m in cash and transferred almost 5.1 million shares in its business.
Founded in 2007, Anjuke’s platform connects property buyers with homeowners and estate agents. It also oversees property rental and new property sales businesses through subsidiaries.
Baidu led Anjuke’s $50m series D round in 2011, investing…
