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Fangjia Obtains USD 10 Mln in Second-Round Funding

Cnetnews, 6/02/11

Online real estate portal Fangjia.com recently announced it had completed nearly USD 10 mln in second-round funding from a group of investors led by China Assets Holdings and BlueRun Ventures.

Fangjia provides free online real estate information for 27 cities nationwide via online and mobile platforms.

Established in early 2008, Fangjia received strategic first-round funding from BlueRun Ventures in August 2008.

Fangjia COO He Dong said the funds, which have already been deposited, will be used for recruiting, new product development, and marketing.

Editor's Note: For more information on this topic, please see "Former Alibaba CTO Funds Online Real Estate Site," MD 9/18/08 issue.

Keywords: Fangjia HR R&D He Dong Internet marketing funding online real estate BlueRun second-round

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