SHANGHAI and BEIJING, March 8, 2011 /PRNewswire-Asia/ -- Anjuke, China's leading real estate marketplace, today announced that it has completed a new round of financing of US$50 million led by Baidu, Inc. ("Baidu") (Nasdaq: BIDU), the leading Chinese language Internet search provider.
Anjuke was founded in Shanghai in 2007 to provide a more efficient and user-friendly experience for buyers, homeowners, and real estate agents to buy and sell secondhand properties online. Today, Anjuke has 10 million unique visitors per month and via www.anjuke.com is China's most popular online marketplace for secondhand residential properties. In 2010, Anjuke also launched www.haozu.com and www.aifang.com to focus on property rental and new property sales, respectively.
Mike Liang, founder, CEO and Chairman of Anjuke, said, "This financing bolsters Anjuke's position as the leading platform for property transactions in China and deepens our relationship with Baidu. We will continue to focus on providing the best user experience for buying, selling, and renting properties online."
"Anjuke has been an important partner of Baidu and we have a lot of respect for what Mike Liang and his team have accomplished in three short years," said Hesong Tang, General Manager of Corporate Development at Baidu. "We are pleased to invest in Anjuke and deepen our involvement in the real estate vertical."Bo Y. Shao, co-founder of Matrix China and vice chairman of Anjuke, said, "We are honored to have been an early supporter of Anjuke and Mike. This new investment will enable Anjuke to increase its lead and continue its profitable growth." Anjuke plans to use the proceeds to invest in geographic expansion and in research and development. China Renaissance acted as exclusive financial advisor to Anjuke in the transaction.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV