The Wall Street Journal: Tencent invests $1 billion in Chinese real-estate brokerage Lianjia

The Wall Street Journal: Tencent invests $1 billion in Chinese real-estate brokerage Lianjia
One of China’s largest real-estate brokerages is planning to raise about $2 billion from investors including Tencent Holdings Ltd. and private-equity firm Warburg Pincus LLC, according to people familiar with the matter. The private fundraising round is likely to value the Beijing-based company known as Lianjia at about $13 billion, the people said. Lianjia, whose formal name is Homelink Real... Read More