Real-estate company WorldUnion is set to take a 15% stake in the online property listings platform after leading a $67m series A round.
Real estate consultancy firm World Union has agreed to lead a RMB 420m ($67m) series A round for China-based property listing platform Qfang, China Money Network reported on Friday citing a securities filing.
WorldUnion will acquire a 15% stake in Qfang through the round, which will be completed once the investment is approved by both boards.
Founded in 2013, Qfang operates both an online classified listings platform and 16 branch offices in southeast China, including the country’s capital, Beijing.
The…
