Source:Global Times Published: 2015-3-2 23:53:01
58.com Inc, China's leading online marketplace backed by Internet giant Tencent Holdings, said on Monday that it had acquired a Shanghai-based online real estate listing platform for about $267 million.
This is the latest deal in China's booming market involving services that connect traditional local brick-and-mortar businesses with online users.
Beijing-based 58.com, which offers local information such as job positions and rentals to users, said that it had bought a 100 percent stake in Anjuke, believing the deal can help the two "create China's largest platform for real estate trading and rental."
"There is still very robust demand for real estate in China and the opportunity for the best online real estate platform remains massive," Yao Jinbo, chairman and CEO of 58.com, said in a press release filed on the company's website.