The Shanda-backed land management and trading platform, which launched its service in 2009, has closed its second round of funding.
Tuliu.com, a China-based online land transfer service backed by online entertainment provider Shanda Interactive Entertainment, has raised RMB150m ($23m) in series B financing.
The cash came from Shanda co-founder Chen Tianqiao, who invested alongside venture capital firm Matrix Partners and Foyo Culture & Entertainment. Shanda previously provided RMB50m for Tuliu in 2014 through its Shanda Capital unit.
Tuliu operates a platform that is used to list land holdings and acts as a facilitator for the process, having been granted a…
