Deals
Tencent-Backed Beike Considering $1 Billion IPO Next Year
- The unit of Lianjia is working with adviser for the proposal
- Tencent invested $800 million in a funding round this year
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Beike Zhaofang, a Chinese online property brokerage platform backed by Tencent Holdings Ltd., is considering an initial public offering that could raise at least $1 billion, people familiar with the matter said.
The company is working with an adviser for the potential share sale, said the people, who asked not to be identified as the discussions are private. The listing could take place as soon as in 2020, while the company hasn’t decided on the venue, the people said.