Property developer Sunac will take a 6.25% stake in the online real estate portal, which raised $927m in a Tencent and Baidu-backed round last year.
Property developer Sunac China Holdings agreed yesterday to pay RMB2.6bn ($375m) for a 6.25% stake in online real estate listings platform Lianjia, China Money Network has reported.
Founded in 2001 and also known as Homelink, Lianjia initially operated as a straightforward real estate agency before building an extensive real estate listings and services platform online.
The company claims to be China’s largest real estate broker and has more than 6,000 branches stretched over 25 cities. Sunac will take a board…
