Rumor: Baidu, Tencent Invest in Real Estate Agency Home Link
DoNews, 4/06/16
Chinese online and offline real estate service provider Lianjia Wang (Home Link Network) has reportedly raised RMB 6 bln in the latest funding round led by Huasheng Capital with Chinese internet companies Baidu (Nasdaq: BIDU) and Tencent (0700.HK) participating as strategic investors.
Home Link Network, founded in September, 2001, provides an agency service for purchase and rental of real estate property through its website and mobile app. The company also maintains offline real estate agencies providing the same services. Home Link Network previously announced in December, 2015 that it was putting together a round of funding and preparing for an eventual IPO.
Editor's Note: In an e-mail exchange with Marbridge, a spokesperson from Baidu's International Communications Department confirmed that Baidu had participated in this funding round, but did not disclose any additional details. Marbridge also sent an e-mail to a Tencent investor relations spokesperson requesting comment, but had not yet received a response at the time this issue of the Marbridge Daily was published. For more information on this topic, please see "Online and Offline Real Estate Agency Home Link Seeks Funding, Plans IPO," MD 12/03/15 issue.
Keywords: M&A VC Internet IPO funding Baidu Tencent Huasheng Capital BIDU Home Link online real estate
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