Chinese internet giant Tencent is betting $1 billion on one of the country’s largest brokerages. Beijing-based Lianjia is planning to raise about $2 billion from investors including Tencent and private equity firm Warburg Pincus, the Wall Street Journal reported. The fundraising round would value the company at roughly $13 billion. Warburg Pincus is investing $500 million, the report said. Lianjia, whose formal name is Homelink Real Estate Agency Co., has a website for sale and […]
source https://therealdeal.com/2018/09/06/tencent-warburg-pincus-are-betting-big-on-chinas-housing-market/
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